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This is not true for all pips.The cost of variation is within the agreedment and not an additional cost.

This info is not true for all pips.The better pips dont charge .The cost is taken out of the agreed divident so there is no extra cost added on.

Thanks for reply.Im hoping to get an answer from someone directly involved like a Pip who has accomplished a variation or someone who has recently closed out a Pia in a similar position.I read in a Grant Thornton report that banks are keen to get rid of Pia s and are accepting lower lump sums...

I pay 1k per month

Im nearly three years into a Pia.There is only one creditor involved and i owe them about 40k.I have a relitive who can pay a lump sum but its not a a hugh amount approx, 25% of whats owed.Has anyone got any experience in this area or has managed to close out a pia midterm.thankyou

Thankyou Jim. This is very helpfull

hi i am in a pia about two years now.i am in the process of selling my home at presnnt.i am wondering if solicitor searches will turn up the pia and put off a potential buyers.thankyou

Thanks red onion.Good luck with your own sale.

Thanks for your reply but can you be more specific about the law and where its written and that its not just a request

We are selling our home and we have a conservatory attic and porch that are well within the exemption limits and do not need planning permission. Our solicitor is insisting on a certificate of exemption from planning from an architect. This is costing €300. Do I have to get this certificate...

Jim..hugh relief,thankyou so much for taking the time to prepare this.Bankrupcy must be avoided in my own case.

Yes that seems to be the case..can the bank then veto my case and force me into bankruptcy?

My Pip says that because my Pia is to do with buy to lets and not my home I cant make an appeal at all.

I have gotten an adviser on board now,I discussed the factors of going insolvent and he advised that in my case it is a possibility but he said that is a hopeless process .He said that after the six year period is up the banks can go after you again??? surely that cant be true?

Would it be that they don't want the bad publicity that goes with throwing a family out on the street?

thanks for your response 1..joint ownership husband and wife 2.. self employed builder{sw at present} wife 20k 3..2 college and school going kids 4..dont like to say who the lender is as they are watching but its one of the lesser troubled irish banks 5..they are offering a `kick it...

is the following the most likely route to go{with small risk to home} Be upfront with the bank and tell them ive no assets to offer[that's the truth} don't make myself bankrupt allow them reposess the buy to lets go to court when ordered to pay shortfall of 400,000 out come will be a...

Thanks Gerry, having read a lot of different threads on this site about this topic, you are one of several people that I was hoping to hear back from.

Its very possible they might take that option,im not sure.Im interested in whether the bank forces and acts on a judgement on a family home where there is equity to be gained for the lender? thanks for the responce

thanks for that.The value of my ppr after mortgage is 130,000