Earlier last year I changed my mortgage repayments which were totally unsustainable back to something which I could afford, so I cancelled the dd and set up a standing order for an amount which matched the rental income. Sadly I missed two payments at the end of the year but the payment is still going through every month now. I had written to tell them I was changing the payment at that time and didnt get a response.
But recently I have gotten a letter saying that I am not considered to be "not co-operating" and legal proceedings will begin, and that I will have to pay 4500 fees.
This has been a jolt as I felt that as long as they have 'something' coming in every month, they would leave me alone.
So, I wonder if anyone can advise me on what to do next or what happens next.
My husband and I have moved to the UK and I havent yet given EBS my new change of address - how would they feel about me being out of Ireland? I suspect that will make it worse.
When I spoke to someone back in January about my missed payment, the guy on the phone was very aggressive and when I said that I had rented it out he accused me of trying to benefit myself at the expense of the bank, and I explained that ALL the rent actually goes to EBS and I dont benefit as the rent is so much lower. He then posted me an application for a Buy-to-let mortgage but I am told I need to settle all outstanding debts on it first. Surely Im not the first person forced to do this and definitely cannot settle the debt?
When I took out the mortgage I was single but have recently married, and this has been one of the reasons I have been able to survive this long without an income as Ive been very lucky that my husband has been paying the bills. Shall I tell the bank this? Does it affect my husband? (We have a prenup contract)
Any help and advice will be appreciated
But recently I have gotten a letter saying that I am not considered to be "not co-operating" and legal proceedings will begin, and that I will have to pay 4500 fees.
This has been a jolt as I felt that as long as they have 'something' coming in every month, they would leave me alone.
So, I wonder if anyone can advise me on what to do next or what happens next.
My husband and I have moved to the UK and I havent yet given EBS my new change of address - how would they feel about me being out of Ireland? I suspect that will make it worse.
When I spoke to someone back in January about my missed payment, the guy on the phone was very aggressive and when I said that I had rented it out he accused me of trying to benefit myself at the expense of the bank, and I explained that ALL the rent actually goes to EBS and I dont benefit as the rent is so much lower. He then posted me an application for a Buy-to-let mortgage but I am told I need to settle all outstanding debts on it first. Surely Im not the first person forced to do this and definitely cannot settle the debt?
When I took out the mortgage I was single but have recently married, and this has been one of the reasons I have been able to survive this long without an income as Ive been very lucky that my husband has been paying the bills. Shall I tell the bank this? Does it affect my husband? (We have a prenup contract)
Any help and advice will be appreciated