Mortgage Arrears
If you have mortgage arrears, judgments, missed payments or a less than perfect credit history, we may have a solution for you...
We know that not everyone has a perfect credit history, or a reliable guaranteed income.
We also understand that some people can fall behind with their mortgage payments for reasons which are often beyond their control.
You may have lost your job and are only starting to get back on your feet…
or your overtime at work may have been reduced (or removed altogether)…
or borrowed too much and can’t cope with the repayments…
or things may have become difficult for 100 other reason…
We know that in the current environment, it can be difficult to keep up to date with all those mortgage and loans repayments adding up together.
Traditionally, Irish mortgage lenders were not interested in helping people with arrears (or people who have difficulty proving their income), even if a remortgage would help them reduce their monthly outgoings significantly.
The good news is that a new mortgage product has been introduced to help those people who the main banks won’t offer finance to.
So Even if:
- you've been turned down for credit elsewhere
- you have mortgage arrears
- you have court judgments against you
- or you have no proof of income or a poor credit rating
…we could give you the go-ahead to remortgage and raise the funds you need today.
As long as you can afford the new repayments, we're flexible enough to take almost any situation into account.
The "rule of thumb" is that if you have less than 10 months in arrears, and by remortgaging you will reduce your monthly outgoings (and you have a sufficient income), we should be able to arrange a new mortgage for you.
And we can now arrange mortgages for first time buyers too!!!
