Irish Taxi Forum
Public Area => Taxi Talk => Topic started by: john m on October 10, 2019, 11:21:42 am
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Our kid just got mortgage approval .Bank told her they are ceasing to offer mortgages ,car loand even term loans due to possible Brexit crap .Banker says international money markets are not willing to loan big money to Irish or other EU banks as they fear for the value of the euro post Brexit and if Donny T puts tarriffs on EU goods due to EU state air for Airbus Planes .Might be worth looking for credit now if your planning on borrowing for anything .
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Might be worth looking for credit now if your planning on borrowing for anything .
Laffin!!
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I found it hard to get car credit .one crowd looking for 16% .Lads could find themselves in a bad situation if they cant finance their business .
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I found it hard to get car credit .one crowd looking for 16% .Lads could find themselves in a bad situation if they cant finance their business .
Id no problem getting credit, i just
asked me bank a lend of 20k and they gave me the ok after a hour, nobody was more surprised than me about it.
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TSB have made mortgage offers and then withdrawn them last minute our kid lost one house because of them had to go elsewhere .The smell of 2007 is all over the place ,budget offering nobody nothing .
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Honestly that sounds unbelievable John.If you have good credit you'll get a loan.The banks are moaning about the earning multiples every few weeks.They want to be able to lend more not less.Property market in Dublin is stalling.
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I own a house but am self employed you wouldnt believe the crap they asked could I get a guarantore They want your wages going in so they can charge you every time you withdraw money .KBC are offering 2000 if you have a mortgage and change your bank account and lodge your wages with them but read the small print they have a huge cash withdrawl fee .TSB are offering 2% refund on mortgage but read the small print you are tied in and if you move your mortgage you have to reemburse them.Banks dont want to loan money they want to charge you for minding your money .
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They make more than enough with the interest on the loan.The cashback offers are just sweeteners.If your kid borrows 250k she pays back 400/450 over 30 years.
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As a Permanent TSB customer,i have to maintain a €2500 daily balance to avoid quarterly fees,BoI is €3000 but there's still some charges involved(maintenance fee)....there doesn't seem to be any benefit as a BoI mortgage customer.
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If your over a certain age then no fees apply
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If your over a certain age then no fees apply
Most of us fuks haven't reached that threshold yet!!
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This week, my credit union asked me for my email address for marketing & shit. Said their 'temporary' special rate car loans etc was going all year now. They've posters up saying they'll do a loan for kitchen revamps and extensions. You'd probably be talking 15k for a new kitchen and, what, 50k for a cheap extension? So my credit union wants to give out loans anyways.
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This week, my credit union asked me for my email address for marketing & shit. Said their 'temporary' special rate car loans etc was going all year now. They've posters up saying they'll do a loan for kitchen revamps and extensions. You'd probably be talking 15k for a new kitchen and, what, 50k for a cheap extension? So my credit union wants to give out loans anyways.
Credit unions are begging you to take a loan .If they lodge your savings in the bank they have to pay the bank to hold it and their account is only guarenteed for 100,000 if the bank goes under it takes your credit union with it .By lending your savings to other members they reduce the risk of getting wiped out by any bank collapse .
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Last time i went to the credit union(i transferred to Drogheda from Finglas many moons ago...bad mistake) they wanted 3yrs accounts...plus my wifes P60....i politely told him to fuk off...they transferred my money from Finglas but none of my loan history since 1982.....was being treated like a new customer with no loan history.....cunts!!
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I've heard of several CUs asking for Income Tax Agreements in support of loan applications by self-employed taxi drivers. In every case they said it's to comply with Central Bank regulations.
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I've heard of several CUs asking for Income Tax Agreements in support of loan applications by self-employed taxi drivers. In every case they said it's to comply with Central Bank regulations.
not so much Income Tax Agreements but your Tax Clearance Status
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Ulster bank are the worst to deal with they refused me 3 times and 5he week I finished a25 yr mortgage they told me no to 20k loan
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Banks are now asking self employed for 3 years tax clearance .Seems a lot of shisters declare big earnings and write off expences the first year so their after tax earnings is high then they borrow against that figure or even cook the books by overdeclairing earnings and pay the tax on it .Taxi driving and Hairdressing seem to be favourite employment for fradulent wage earnings .I see the taxithingey have issued some sort of earnings average for drivers in their how much it will cost to rejig your meter .
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That's been like that for ages John.Taxi drivers are a risky gamble for banks.They're doing us a favour TBH.The same lads buying 40k motors will be the same ones trying to buy a 500k house.
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That's been like that for ages John.Taxi drivers are a risky gamble for banks.They're doing us a favour TBH.The same lads buying 40k motors will be the same ones trying to buy a 500k house.
When I was changing my car the story was certain licence holders were getting credit and not paying for the vehicle it took years to get a repossession order then as it was your only means of earning drivers were appealing and it was taking another year before the court granted repossession orders and the vehicle was worthless .A good mate in the business recons about half of the WATs that are on the road are in default payments as the drivers PSV driving licence cannot be removed by the courts only the vehicle .There was a lad who was arranging finance for WATs who has ceased trading .He was signing up drivers and selling on the contract to some Czeck Bank .Think the same bank was providing car finance for some of the West Dublin independent car traders !
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Just about the mortgages they take an average of your last three years returns.So even if you put in a whopper in your third year it gets dragged down by the lower ones.Not worth it unless you're playing the long game.
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Banks dont look on a home owner as a guarentee of payment with changes to the Law your hen or your live in squeeze have a claim on the Bricks and mortar even if their handle isint on the log book. Your earnings and disposable income now decides if they will loan you coin .
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Banks dont look on a home owner as a guarentee of payment with changes to the Law your hen or your live in squeeze have a claim on the Bricks and mortar even if their handle isint on the log book. Your earnings and disposable income now decides if they will loan you coin .
Homeowner means little now
Its ur ability to repay
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In my mind yer only a homeowner when you pay back the bank in full.Until then they can still kick ya out.
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In my mind yer only a homeowner when you pay back the bank in full.Until then they can still kick ya out.
Ah the deluded tenent purchaser thinks he has a house but he really has a loan .
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In my mind yer only a homeowner when you pay back the bank in full.Until then they can still kick ya out.
Ah the deluded tenent purchaser thinks he has a house but he really has a loan .
If I don’t own my home til I pay back the bank, shouldn’t they pay the property tax?
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Probably Vikiz..It's just another tax by a different name.
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Although I did it myself years ago, I puzzled why anyone needing a car loan would go to a credit union ? I think they charge much more then other lending instructions. I bought a car many years ago through the CU, I borrowed 20k and paid them back 24800.thwte are a few interest free deals at the moment from some dealers surely this is a better option ?
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Although I did it myself years ago, I puzzled why anyone needing a car loan would go to a credit union ? I think they charge much more then other lending instructions. I bought a car many years ago through the CU, I borrowed 20k and paid them back 24800.thwte are a few interest free deals at the moment from some dealers surely this is a better option ?
Thats why I posted this tread .A lot of Car deals are not available to self employed especially taxi drivers .If a taxi driver defaults on the loan the car is worthless to the Garage if they repossess it .I was looking to change my car earlier this year and few dealers were willing to get credit for taxi drivers in fact Phoenix motors at Kilmainham were asking 16% for taxi credit .Some workers might find it difficult to refinance a replacement motor .I know a fella bought a 3 year old x taxi occi repossessed by finance company 140 ,000 Km for 4K cash his mate worked for the garage got it trade .
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AIB is charging 8.95% so 16% to get you on the road isn't terrible.Obviosly the plan would be to pay it off early.Allowing a loan to run it's course even at 8.95% is expensive.
By the way I have 300 quid saved towards my next vehicle that I started planning for 3 months ago.Not a great start..
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AIB is charging 8.95% so 16% to get you on the road isn't terrible.Obviosly the plan would be to pay it off early.Allowing a loan to run it's course even at 8.95% is expensive.
By the way I have 300 quid saved towards my next vehicle that I started planning for 3 months ago.Not a great start..
Think it was your good self Merc pointed out the cost of doing business its getting uparound 40% with commission .Think its time to look for an alternative income stream with a view to cut back or get out of the taxi trade .Big Dommos Niece is breading Coccopoos getting £1000 a pop for pups in the UK costs about £200 for passports and injections she only takes two litters a year has two bitches and one dog .Says she has a waiting list breads a lovely dog I have one of them lovely temprement and healthy
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My expenses are about that amount.10k a year to be exact from 2021.But I can get that figure down by working more.
I have one dog and that's enough shite to be picking up.Dog grooming in a van is another avenue. They're up to their tits in bookings.€65 for a doggy doo..
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My expenses are about that amount.10k a year to be exact from 2021.But I can get that figure down by working more.
I have one dog and that's enough shite to be picking up.Dog grooming in a van is another avenue. They're up to their tits in bookings.€65 for a doggy doo..
Our lad arrives for his haircut by taxi .Costs more for a doggy cut than me hen pays I get mine cut for 4 euro from Paddy the Slovak .
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I only need 400 a week.Feels a bit stupid paying out 200 to pocket 400.I'll decide next year if I'm gonna hang around.
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I only need 400 a week.Feels a bit stupid paying out 200 to pocket 400.I'll decide next year if I'm gonna hang around.
Im in the same boat .Dropped our kid to Work this Morning in Grange Castle a small fender bender somewhere is South Dublin the traffic was at a standstill so back home putting the world to rights .Replacement car and insurance is costing me 6K per annum before I leave the house .Lad starting out with Cripmobile and own first insurance must be crusified .
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Yeah it's expensive.My 10k was including fuel and tax bill.Cant really get the costs down any further without trying to rent out my heap.Dunno if I'd trust someone else with my car.
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Yeah it's expensive.My 10k was including fuel and tax bill.Cant really get the costs down any further without trying to rent out my heap.Dunno if I'd trust someone else with my car.
They wouldn't give a bollox about your heap....you'd be replacing it in a matter of weeks!!
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Yeah it would be ruined.
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Aer Lingus received state aid in the 1990's, €150 Million. the proviso was that they dump Boeing aircraft and purchase Airbus.
That's OK. then?
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Looking like Brexit might not happen so £ will bounce back against the Euro ,now might be the time to buy a replacement motor from the UK