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Very interesting post. Never happen for homeloans but may indeed prevail for commercial lending in the future. PGs are generally no good when you need them and cloud the whole initial credit process.

I beg to differ, forced sale of PPRs should be a last resort.. .......none of what our Dear Leader or his acolytes propose recognises the economic virtues of or social cost of ignoring reasonable debt for equity swap arrangements.....constant reference to economic irresponsibility poses the...

My sense is that none of the warehoused loan interest could be taken to profit and in fact each amount of interest capitalised would hit the bank p and l as an additional impairment every quarter as the potential loss increases........... To my mind that proposal compels a bank to impair each...

Yes on reflection you're correct in that there is an element of forgiveness there but by the same token you ignore the other positives for the Bank I outlined which make it a better option than enforcement and sale crystallising a loss............ Were it the case that the sustainable level is...

I would envisage it going to whatever leval was sustainable and the split of ownership reflecting this. i.e in your example if 100k was the only mortgage they could afford the Bank would own 66.66% and the borrower 33.33%. which is zero forgiveness now keeps people in their homes with some...

The country is now divided by the people who are in negative equity and those that are not.......... People with equity in their homes often use the term 'reckless borrowing' and for some in negative equity that is possibly true, for others simply a case of unfortunate timing........ Either way...

If you are declared Bankrupt either in Ireland or the UK what happens to a pension entitlement that doesn't start for say another 25 years? Presumably the assignee would seek to contact the scheme determine the value of the pot today (some form of NPV analysis) and liquidate it today?

Thanks to all for their views.....it would appear legal advice with duty of care etc is in order..... Re idea that some creditors were defrauded......given that there was no distress at the time of the mortgage being drawn down / house bought then my understanding is that this would be a...

Yes this is the question.....my query really centred around whether the bank could infer some interest of mine in the home as I (not my wife) am paying the mortgage although her name solely is on the title and therefater attach the judgement mortgage. But from what i gather this would not seem...

Yes but in this instance the title of the house is in the wifes name.....who is not a party to the loan from which the judgement has arisen.....the question is can the bank seek to declare an interest by me in the property and thus get a judgement mortgage on that interest by virtue of my having...

Hi The house is in my wifes name, done this way for stamp duty reasons at the time...........although I am paying the repayments.........i may end up with a judgement soon. Is the family home safe from an attaching judgement mortage ? My name is not on the title but can a bank infer a...

Unfortunately no paperwork/ partnership agreement.......... My best bet seems to be to offer to pay whatever I can and see if this is acceptable..........i don't have any other assets so perhaps this would be preferable to the Bank........

Thanks v much for your advice. As a matter of fact the loan would have been made on their strength rather than mine at the time. I think full co-operation and some effort to demonstrate my inability to deal with the debt in its entirety are my only hope..........I am genuinely trying to resolve...

Hi I have significant RIP borrowings in my own name with a lender and of all facilities are operating withing terms. However I have other faciliites with 2 other parties who stopped paying (the asset is not producing income). Sale of the property which we are anxiouis to effect asap will...