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I was in a similar situation (without the separation bit) to you recently. As others have said once you are servicing your unsecured debt, credit card, credit union etc, the mortgage people probably wont entertain interest only or payment break etc. I think its unfair people begrudging you...

Well I would certainly welcome less letters! Looks like thats the way to go so although to be fair I thought my proposal was good too.

Fair enough but when you make a phone call every week for 10 weeks and you get no answers from anyone in the call centre to me thats hassle in itself. and denying they told us to do certain things when they clearly did thats also hassle because you have no way of backing up your statement to...

Thank you all for your replies. I agree with you brendan burgess insofar as the ICB will be notified that the arears are paid and as you said im on my way to a clean credit record. The problem with this is that they said that if we ran into trouble again we would not be able to re-capitalise...

Looking for a little advice on what to do next. We are roughly 3k in arrears with our financial institution on a mortgage of 280k. We were on interest only for about 18 months(after we missed part of the mortgage payments, due to outgoings) but have been paying the full amount for the last 12...

Hi Magpie, you might get some better advice if you post more about your finances using the tool provided on the money makeover thread. I'm in a similar postition although we are paying our full mortgage at the moment so I would be interested in hearing what advice you get

Thanks for that Brendan, makes for some interesting reading. I am curious to know what the long term implications of someone going for the DSA or the DRP will be. I assume their credit rating will be completely shot and there will never again be an ability to borrow from any financial...

I think you may have misunderstood me Bronte. I wasn't suggesting that the bank would write down the shortfall. I was just suggesting that he get the house on the market with the banks permission, and then agree a repayment plan with them for the shortfall. Still paying the full amount in...

Ask them to give it to you in writing that you are allowed to put the house up for sale and even if ye get 170k for it you will have a shortfall of 100k. Ask them in what way they will structure this 100k for repayment. If you could get this over a long term it would reduce the pressure. the...

Thank you for your reply. I am in contact with the bank every month ( they ring me each month and my stomach turns) The last time they rang after I had filled out the usual SFS, they rang and said my application for interest only has been denied as I am servicing un-secured loans. I hadn't...

Thank you for your reply. I am the one working full time I am the wife! OH is a taxi driver working 7 days per week. He is a qualifed plasterer, there are no full time jobs out there for him. I look on the fas website and jobs.ie every single day. The savings of 200 pm aren't exactly...

Your mobile phone bill seems excessive 130 per month? €20 sim deals are great at the moments. Saving 110 per month. I feed a family of 4 and 2 dogs for 125ish a week and there are others on here that are able to do it for a lot less. 400 seems like an awful lot for 2 With your outgoings and...

They have given us the option of re-capitalising the arrears but for a relativly small amount I would prefer to pay it off next year when I have more cash, because you can only use this option once in the lifetime of the mortgage. We have been making full repayments since october but this month...

Have you applied for widowers benefit or one parent family payment. If your working more than 19 hours per week you may also be entitled to Family Income Supplement? Is there any family member that would be willing to mind your son when you work? There are options out there. Maybe if you...

Firstly I'm sorry for your loss. I'm probably not the ideal person to be giving advice as I have a post in relation to financial problems here too:o Just one option that may be open to you, could you rent out 2 bedrooms in your house for maybe 70 per week each that would generate 560pm income...

Thank you for your reply. Yes 864 is cap and int. Its a very affordable amount. I agree the problem does like with the CU's. One of these has already been restructured and if we were to default on this I don't think I could cope with solicitors letters coming in the door. As its already...

Age: 37 Spouse’s/Partner's age: 38 Annual gross income from employment or profession:- 40k gross Annual gross income of spouse: -self employed but very volitile approx 10k Monthly take-home pay - €2896 net approx (inc 260 childrens allowance 200 maintenance) Type of employment: e.g. Civil...

Age: 37 Spouse’s/Partner's age: 38 Annual gross income from employment or profession:- 40k gross Annual gross income of spouse: -self employed but very volitile approx 10k Monthly take-home pay - €2896 net approx (inc 260 childrens allowance 200 maintenance) Type of employment: e.g. Civil...

I doubt your bank will consider interest only anyway as long as your income outways your outgoings. Maybe get the bank to send you a standard financial statement, or maybe you can download one from the internet, and write down every single thing that you spend each month. I found this very...

Congrats on your surprise news first of all. I am in a similar situation(without the pregnancy!) to you although we owe a lot more than you. I work full time and husband has unstable income and literally lives week to week. We were on interest only for 6 months and have been paying full...