@@TheLearningsReport Cheers!! Ah it was painful enough, my advice now to people starting the process is whatever amount of time you think something will be done in, just double it 😅😂
Well done lads, this is a great video summarising a lot for buyers. I think a lot of first time buyers would find it very useful - videos like this should be advertised on the likes of Daft or My Home. Not sure if there's an updated video on things like First Home Scheme or the fact that we can now get 4x LTI as oppose to 3.5.
@@TheLearningsReport a question on mortgage brokers. I thought I would simply go to each bank and ask them how much and at what rates. So you would suggest to go to a third party?
@@barbarar5869 hey Barbara, sorry for the delay in responding! Yes, we would highly recommend going through a broker. The broker already has all of this knowledge and can basically tell you the best deal for your situation. The bank would just tell you the best deal for you based on their offerings, but doesn't mean it is the best on the market. Also, the most brokers don't charge anything. Basically, it will take the some of hassle out of the mortgage approval process which is one of the more stressful elements of it. - Cian
These are excellent advice. It helps people like me who know nothing about buying a property in Ireland. Thanks a lot for taking the time to do it. I want to ask you a question. Do you know anything about Islamic mortgages in Ireland? Does any bank support it in Ireland?
Hi, could I ask as explained mortgage value comes down when having dependents, like I have 4 . In this case how can you buy a house. Any help would be appreciated.
I'm currently about to put in an offer on a home in ireland, I currently live in the U.S. and won't need to get a mortgage in ireland. My question is, now that I won't need a mortgage loan from any banks , what are the steps for me, and what would be the cost of everything,(roughly) for me moving forward to close this deal ? Thank you
Sorry for the late response - big summer off! Very hard to say not knowing any of the info about your house price, etc. 😅 But basically you would pay pretty much everything we mention, except the mortgage broker fee. The process is pretty similar
What will Sally do with her 40k income if the two bedroom apartments start around 240k and after bidding war ends selling price closer to 300k then 250k? Even if you 100k saved still not enough when banks give you maximum 4 times your yearly income. 🤔
We are Thinking of buying a house.. ur video gave a good idea to from where to get hold of the bull, but the scene is scary as hell 😳.. thx for the video guys. Plz make new video on mortgage n other fine details too.
Nice to hear that Saleh! Where are you hoping to buy? Agreed, the process can seem overwhelming, but if you're not in the buying process yet, then this is a great time to be able to do your research without the added stress :) When you say mortgage details, anything in particular you're after? - Ste
@@TheLearningsReport we are located in County kerry. Was curious about how to find best deal for mortgage and any tips and fine details u guys may have.. thank you for replying
@@salehnawaz7233 hi Saleh, We highly recommend going through a mortgage broker. They will be able to help you through the process and give you advice on the best option. Most offer initial free consultation so no harm in hearing what they have to say. To get some initial insight into mortgages before that, have a look through this guide: switcher.ie/mortgages/guides/a-complete-guide-to-mortgages/ . You can also check out price comparisons on bonkers.ie . It's a long journey so be patient, you're doing the right things now by researching! - Cian
@@TheLearningsReport It would be interesting to see step by step guide how to cash out your crypto money into the bank account and what info you would have to provide for them in case they want to see where money come from.. 🙂 Thanks👍
Sorry your reply got flagged as spam for some reason 🤷♂️ So withdrawing to your bank account from a centralised exchange is pretty straightforward. If you have an account with Binance (for example) you would simply go to the trade interface, select the crypto you wish to sell, pair it with a fiat currency (e.g. Trade BTC to EUR), and then EUR will now be in your wallet on Binance. Then you link your regular bank account to Binance, select withdraw, and choose the amount of fiat currency you want to withdraw to your bank! In most cases you'll need to pay a fee for this withdrawal, but in the case of Binance, we have a video to help you avoid that fee should you wish to try it out :) Link below: ua-cam.com/video/2paBlFMm7hw/v-deo.html - Ste
Hello guys I have a serious question about CGT and stocks/crypto. So let's say I longterm invest regularly on a monthly basis in Google stock over a period of 3 years then on the 3rd year I decide to sell a portion of my holdings. When I'm filing a CGT form what do I put in on the invested column for the 3rd year when selling only a portion of my holdings
Like let's say on the 3rd year I stop investing in Google but I decide to sell half my holdings, since I didn't invest in the current year but I had profits adding up from the past 2 years do I just put 0 on the total invested amount column and then however much I'm selling as a profit?
Hello there. So for your first comment, I'd suggest reading this section on revenues website as it basically explains it in detail. In short, you need to adhere to the FIFO rule (First in, first out) for the shares you purchased. Scroll down to 'Shares acquired on different dates' www.revenue.ie/en/gains-gifts-and-inheritance/transfering-an-asset/selling-or-disposing-of-shares.aspx
@@TheLearningsReport okay thank you I get it now, but how can you keep track of this , I was planning on longterm investing some of my wages for years to come but when I do decide to sell something idk. Taxes are too complex
@@RareCD hey Rare CD - taxes are very tough. It is the unfortunate part of investing. Most brokers have trackng on the app which gives you an oversight of purchase prices, sale price, etc. If you have more than one broker, you will probably need to do the calculations in an Excel or use some kind of tax software (which you may have to pay for). You'll only have to pay CGT on stocks/cryptos when you sell, no calculations needed until then for tax. - Cian
Does the booking deposit come off your mortgage or do you need to have an additional 10-15k just lying around on top of your deposit to be approved for a mortgage? D: or do you use the mortgage deposit towards it?
HI, I am a Danish citizen and I live and work in Denmark. I want to buy an apartment in Dublin. Is it possible to get a loan from an Irish bank to buy an apartment?
Hi my wife is nor working i am only working person so i am not eligible for motgage even i have 10% deposit as well still i am not eligible . So my question as a sigle earner can i get loan for home
Lads, Thanks very much for all the content you guys are creating and sharing, it's class! I've only discovered the channel recently, still working my way through and studying the content. Ive been meaning to buy a Trezor, Ill buy the Trezor through your link as a thanks to you guys. I'm trying to expand on my financial education and your channels content is so valuable to me. I'd love to pick your brains on loads of subjects, but for now, if you don't mind, I've got a question you may be able to help answer. So I am currently a home owner, no mortgage. So sometime in the future I want to buy another house. So say I've no plans on renting this second house out, for now, what kind of taxes am I exposing myself too other than the standard, stamp duty and property tax? Am I exposing myself to other taxes as it'll be my second home? I do plan on buying the second home as a cash buyer. (With a bit of luck) Thanks lads ( In time, I possibly may look at renting it out. This is a whole other kettle of fish I'm sure! Being a landlord and the responsibility that that entails aswell as having the tax side of things in order)
The real question is: where is Sally paying 500 for rent?
😂 Someone's converted cupboard in Portobello.
In Romania... and she is buying a house in Spain (150k)
Man I used to Pay 420 a couple of months for a single room in Drogheda
😆😆😆 absolutely! And also where is she buying a 2 bedroom house for 150k? Surely not in Dublin
@@manifestdigitalagency current market price for 2 bedroom is now 350k minimum T_T
I came here for the information.
I must say, I certainly got it.
Very well done lads. Got straight to the point. Thanks a lot.
Looking for the nearest takeaway while buying a house is the most Irish thing I've heard yet.
Great video lads, as someone who has been through the process in the last year all the points here are spot on!
Ah good to hear from you, Irish Wealth! And congrats on the new purchase 🎊 Hope the process wasn't too much of a headache?
- Ste
@@TheLearningsReport Cheers!! Ah it was painful enough, my advice now to people starting the process is whatever amount of time you think something will be done in, just double it 😅😂
@@irishwealth6346 Double almost feels optimistic at this point, haha!
Well done lads, this is a great video summarising a lot for buyers. I think a lot of first time buyers would find it very useful - videos like this should be advertised on the likes of Daft or My Home.
Not sure if there's an updated video on things like First Home Scheme or the fact that we can now get 4x LTI as oppose to 3.5.
Great video, what are some websites for the house auctions.? Thanks
Nice comprehensive video. I will watch it again once I'm ready to house hunt
Cheers Barbara - yes hopefully it's a nice reference point for those doing their research! Thanks for the comment.
- Ste
@@TheLearningsReport a question on mortgage brokers. I thought I would simply go to each bank and ask them how much and at what rates. So you would suggest to go to a third party?
@@barbarar5869 hey Barbara, sorry for the delay in responding!
Yes, we would highly recommend going through a broker. The broker already has all of this knowledge and can basically tell you the best deal for your situation. The bank would just tell you the best deal for you based on their offerings, but doesn't mean it is the best on the market.
Also, the most brokers don't charge anything. Basically, it will take the some of hassle out of the mortgage approval process which is one of the more stressful elements of it.
- Cian
Awesome video😊
Setting expectations, for real. Haha! The video is quite comprehensive. Thanks guys.
Thanks for watching, Daljeet!
A long, complicated process for sure - save us a glass of champagne for when you get the keys 🔑
- Cian
Thx lads ,good stuff
thanks a lot for the video, I found it very helpful.
These are excellent advice. It helps people like me who know nothing about buying a property in Ireland. Thanks a lot for taking the time to do it. I want to ask you a question. Do you know anything about Islamic mortgages in Ireland? Does any bank support it in Ireland?
Can i take a loan out, buy the house, rent it then use the tenents rent to pay back the morgatgage?
How to find mortgage broker
Hi, could I ask as explained mortgage value comes down when having dependents, like I have 4 . In this case how can you buy a house. Any help would be appreciated.
Excellent stuff lads, long time listener first time caller 😎👌
😂 nice one Trev - cheers for dialling in! Glad to hear you’re still following along.
- Ste
That's a good video lads
Thank you kindly! Hope it offered some insights
Hi, thanks for information. I am leaving in Ireland since six months. Can I buy house
I'm currently about to put in an offer on a home in ireland, I currently live in the U.S. and won't need to get a mortgage in ireland. My question is, now that I won't need a mortgage loan from any banks , what are the steps for me, and what would be the cost of everything,(roughly) for me moving forward to close this deal ? Thank you
Sorry for the late response - big summer off!
Very hard to say not knowing any of the info about your house price, etc. 😅
But basically you would pay pretty much everything we mention, except the mortgage broker fee. The process is pretty similar
Good one!
Cheers Raul!
What will Sally do with her 40k income if the two bedroom apartments start around 240k and after bidding war ends selling price closer to 300k then 250k? Even if you 100k saved still not enough when banks give you maximum 4 times your yearly income. 🤔
We are Thinking of buying a house.. ur video gave a good idea to from where to get hold of the bull, but the scene is scary as hell 😳.. thx for the video guys. Plz make new video on mortgage n other fine details too.
Nice to hear that Saleh! Where are you hoping to buy?
Agreed, the process can seem overwhelming, but if you're not in the buying process yet, then this is a great time to be able to do your research without the added stress :)
When you say mortgage details, anything in particular you're after?
- Ste
@@TheLearningsReport we are located in County kerry. Was curious about how to find best deal for mortgage and any tips and fine details u guys may have.. thank you for replying
@@salehnawaz7233 hi Saleh,
We highly recommend going through a mortgage broker. They will be able to help you through the process and give you advice on the best option. Most offer initial free consultation so no harm in hearing what they have to say.
To get some initial insight into mortgages before that, have a look through this guide: switcher.ie/mortgages/guides/a-complete-guide-to-mortgages/ . You can also check out price comparisons on bonkers.ie .
It's a long journey so be patient, you're doing the right things now by researching!
- Cian
@@TheLearningsReport thank you for the help..🙂
Great video.👍 By any chance you could make a video - How friendly banks in Ireland are towards the crypto?
Appreciate it, cheers for watching. When you say 'friendly towards crypto', in what way do you mean?
- Ste
@@TheLearningsReport It would be interesting to see step by step guide how to cash out your crypto money into the bank account and what info you would have to provide for them in case they want to see where money come from.. 🙂 Thanks👍
Sorry your reply got flagged as spam for some reason 🤷♂️ So withdrawing to your bank account from a centralised exchange is pretty straightforward. If you have an account with Binance (for example) you would simply go to the trade interface, select the crypto you wish to sell, pair it with a fiat currency (e.g. Trade BTC to EUR), and then EUR will now be in your wallet on Binance.
Then you link your regular bank account to Binance, select withdraw, and choose the amount of fiat currency you want to withdraw to your bank! In most cases you'll need to pay a fee for this withdrawal, but in the case of Binance, we have a video to help you avoid that fee should you wish to try it out :) Link below:
ua-cam.com/video/2paBlFMm7hw/v-deo.html
- Ste
Amazing video
Hi, can I get a second job to increase my yearly income to get more money ?
Hello guys I have a serious question about CGT and stocks/crypto. So let's say I longterm invest regularly on a monthly basis in Google stock over a period of 3 years then on the 3rd year I decide to sell a portion of my holdings. When I'm filing a CGT form what do I put in on the invested column for the 3rd year when selling only a portion of my holdings
Like let's say on the 3rd year I stop investing in Google but I decide to sell half my holdings, since I didn't invest in the current year but I had profits adding up from the past 2 years do I just put 0 on the total invested amount column and then however much I'm selling as a profit?
Hello there. So for your first comment, I'd suggest reading this section on revenues website as it basically explains it in detail. In short, you need to adhere to the FIFO rule (First in, first out) for the shares you purchased.
Scroll down to 'Shares acquired on different dates'
www.revenue.ie/en/gains-gifts-and-inheritance/transfering-an-asset/selling-or-disposing-of-shares.aspx
@@RareCD When you say the 'invested amount' column, where is this column you're referring to?
@@TheLearningsReport okay thank you I get it now, but how can you keep track of this , I was planning on longterm investing some of my wages for years to come but when I do decide to sell something idk. Taxes are too complex
@@RareCD hey Rare CD - taxes are very tough. It is the unfortunate part of investing.
Most brokers have trackng on the app which gives you an oversight of purchase prices, sale price, etc. If you have more than one broker, you will probably need to do the calculations in an Excel or use some kind of tax software (which you may have to pay for).
You'll only have to pay CGT on stocks/cryptos when you sell, no calculations needed until then for tax.
- Cian
you are Awesome , thanks so much!
No worries at all, Mohammed, glad you liked it. 👍
- Cian
Just some engagement for the algorithm
Take that, algorithm!
Appreciate you watching AND commenting, Anthony.
- Cian
It is a dream of mine to move to Ireland, so I just checked for houses ... but everything is a ruin! 😱
Does the booking deposit come off your mortgage or do you need to have an additional 10-15k just lying around on top of your deposit to be approved for a mortgage? D: or do you use the mortgage deposit towards it?
Booking comes out of your overall deposit. No need to have that extra €k on top of your overall deposit.
Ok but what IS the difference between an apartment and a house
HI,
I am a Danish citizen and I live and work in Denmark. I want to buy an apartment in Dublin. Is it possible to get a loan from an Irish bank to buy an apartment?
I don`t see it... but.. good luck
Can you even buy an apartment a human would want to live in for €150k? This country is seriously dysfunctional.
You can buy a 5 bedroom house for that if you don't mind living in a remote area
@@rabbitwhoyour living in fantasy land
Hi my wife is nor working i am only working person so i am not eligible for motgage even i have 10% deposit as well still i am not eligible . So my question as a sigle earner can i get loan for home
Your relationship status has nothing to do with your individual case
Lads, Thanks very much for all the content you guys are creating and sharing, it's class! I've only discovered the channel recently, still working my way through and studying the content. Ive been meaning to buy a Trezor, Ill buy the Trezor through your link as a thanks to you guys. I'm trying to expand on my financial education and your channels content is so valuable to me.
I'd love to pick your brains on loads of subjects, but for now, if you don't mind, I've got a question you may be able to help answer.
So I am currently a home owner, no mortgage.
So sometime in the future I want to buy another house. So say I've no plans on renting this second house out, for now, what kind of taxes am I exposing myself too other than the standard, stamp duty and property tax? Am I exposing myself to other taxes as it'll be my second home? I do plan on buying the second home as a cash buyer. (With a bit of luck)
Thanks lads
( In time, I possibly may look at renting it out. This is a whole other kettle of fish I'm sure! Being a landlord and the responsibility that that entails aswell as having the tax side of things in order)
I love your content guys but this video would give a paracetamol tablet a headache 🤕 this just depressed the shit out of me
Not the smoothest process unfortunately 🤷♂️
Bang of Trinity Ball afterparty off your man
I'm ready, I have savings and I don't qualify for anything at all. I'm looking at homelessness because of this pro boomer based system.
rent 500euro per month... is Sally a homeless living in park?
house 150K value!?!?! where .... In Spain????
Fantastic video