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Guest
We have a mortgage with AIB with approx €50k negative equity.
We have approx €25k of other loans due to Education, Furnishing House, Wedding etc. over past few years.
We both have secure jobs and there is no problems meeting the mortgage repayments and other loan repayments. Current Payment Plans will have other loans cleared by early 2012 (but 2 new motor loans would be needed very soon after - cars getting old and less reliable / NCT issues)
Do banks ever grant a moratorium on Mortgage Payments in such situations? (for 6 months)
It would be nice to clear these loans and start saving for new car etc. rather than paying these loans over a longer period. 6 months extra mortgage payments in 20 years time does not bother me. It would greatly improve our lifestyle at the moment and draw a line under a very expensive period of our lives.
Would there be any TRS or Credit Score issues?
The Mortgage is with AIB but Other Loans are with BOI and Credit Union.
We have approx €25k of other loans due to Education, Furnishing House, Wedding etc. over past few years.
We both have secure jobs and there is no problems meeting the mortgage repayments and other loan repayments. Current Payment Plans will have other loans cleared by early 2012 (but 2 new motor loans would be needed very soon after - cars getting old and less reliable / NCT issues)
Do banks ever grant a moratorium on Mortgage Payments in such situations? (for 6 months)
It would be nice to clear these loans and start saving for new car etc. rather than paying these loans over a longer period. 6 months extra mortgage payments in 20 years time does not bother me. It would greatly improve our lifestyle at the moment and draw a line under a very expensive period of our lives.
Would there be any TRS or Credit Score issues?
The Mortgage is with AIB but Other Loans are with BOI and Credit Union.