Can't downsize,the amount outstanding is about €20000. One child living abroad, has given huge assistance already.property worth about €90000Is there any scope for you to downsize?
Could your family help out?
How much is the property worth?
No private pensionYou will be entitled to contributory state pension at age 66 which will be a little more than jobseekers . Do you have any private pension coming to you?
My contract is to 65, I've already signed up to do agency work near home. I'd rather find a solution than go into arrears, should I contact mortgage providerYour mortgage provider might agree to extend the term for a few years but your budget in retirement is going to be very tight.
Are you actually required to retire or is there any possibility that you could gain employment elsewhere?
My mortgage is €560 monthly, I had increased payments up until recession but due to salary cut and universal charge had to reduce it.Well how much is your monthly mortgage payment, can you over pay a bit now to reduce the amount that will be left when you retire.
I'd rather find a solution than go into arrears, should I contact mortgage provider
Is it possible that your mortgage has a "credit" balance in the repayments section. That they were never actually capitalised. Some lenders will allow you take back the over payments. I would certainly advise them that you were overpaying at one time so you are actually ahead on your mortgage repayments.My mortgage is €560 monthly, I had increased payments up until recession but due to salary cut and universal charge had to reduce it.