proposed new notice periods for termination of tenancies

jimmycrackcorm

Nelly76 wrote:

2008 ; Property purchased jointly with ex partner. 2009 ; I left property due to abusive relationship. (Several failed Transfer of Equity requests). 2013 ; Property fell into arrears. Got cancer. 2014 ; I was informed of arrears & met with Bank official in person. Advised her I had discovered the other mortgage holder was planning on leaving the country & requested they reposes the property or take action. Consequently, ex partner skipped the country. 2015 ; Gained access to vacant property and agreed a Voluntary sale of property. Bank refused to enter discussions re; agreement on balances owed at this point. Remission from cancer. 2016, April ; Voluntary Sale closed 2016 ; Attempted to negotiate the neg equity, balance owed. - September ; Entered into a Personal Insolvency agreement ; Failed 2017; (Some of many) Discussions with the Bank below ; 25/1/17 ;I made an offer of over 10k which is 10% of bal owed & all i could afford. That balance incidentally is interest upon interest upon interest...you get the jist. 30/1/17 ; Spoke with a bank official on the phone who verbally advised bank will not be actively chasing me for the monies owed. But as I am looking for closure/clear credit rating etc..They have failed to give me this in writing & Arrears Statements continue to arrive every 3 months by post. 14/2/17 ; Letter sent requesting update ; No reply. 16/5/17 ; Letter sent requesting update ; No reply. 23/5/17; Asset & Liability Affidavit request. Completed & returned. 7/7/17 ; SFA request. Completed & returned. Bank stopped taking my daily then weekly calls after that, giving me new contact names for my case every time i got the switch board, and their numbers would land at someone else's mailbox. I never ever get a call back....They have disengaged with me not the other way around !!!

dar100 wrote:

Worked Example: A = € 100,000 the amount of the premature payment or balance converted to another rate U = 2 years (24 months) on basis you fixed for 5 years (60 months) and are now breaking out of fixed rate after 3 years (36 months) D = 2% on the basis you fixed at a 5 year rate of 5.25% and the fixed rate for the unexpired period (i.e. 24 months) is 3.25%. So, applying the formula A x U x € 100,000 x 24/12 x 2% = € 4,000

ted1 wrote:

If Dunnes stores don’t have to publish their accounts, why should people who sell private property.

Wheres Me Jumper? wrote:

transfer of wealth given todays' rent levels. Why would any sane LL feel the need or desire to churn his tenants? .

Nobody churns tenants precisely because of the reasons you state. But what happens when rental demands fall as they did just past 08, when landlords dropped rents as tenants churned then?

Samuel T. Cogley

jimmycrackcorm wrote: »

Nobody churns tenants precisely because of the reasons you state. But what happens when rental demands fall as they did just past 08, when landlords dropped rents as tenants churned then?

Well the government will only allow them to fall at 4% per year of course.