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YerGrand- The tracker application was from June 2006

Hi. I was transferred from a tracker 1.25%+ecb rate 1 year after drawing down the mortgage. I was rolled onto a SVR on a higher rate after that year. Does this sound dodgy? See attached doc

Hi. I received documents from the Sars unit this week. The original loan facility was not provided along with the original contract. I have since requested these. The only document of note is this tracker application which we signed at the time. Any advice would be greatly appreciated

Hello, I took a mortgage out with EBS in 2006. The first year was on a tracker rate and it then reverted to a SVR in the second year. This switch of rates as far as I can recall was stated in the initial loan agreement. Subsequently I sold the house under a voluntary sale for loss scheme. Would...

Hello J Hayes, I am in a similar position but still in the country. My mortgage was/is with EBS. Voluntarily sold home in 2014 at a huge loss. The residual debt is just sitting there as I cannot afford to repay and I do not qualify for PIA. EBS would not do a deal or come to a settlement. For...

Hi Jo1977, I was left with substantially more residual debt but it hasn't really affected my loan applications as my current bank has no problem giving me a loan or the credit union. Once you're not applying for more finance from the institution you owe the 20K to. My advice would be to make...

Josephine, Yes it was stress tested but at the 2006 pay levels (pre bust). Because of the crash, we had already cut back on luxuries and holidays etc since 2008. So six years of that cemented our decision to cut our losses. Also I was living off less than the dole a week just to keep the house...

Hello DublinBroke, This post has given me some hope. We succumbed to a Voluntary Sale for loss scheme which left a residual debt of 160K with EBS. They wouldn't entertain a deal on this shortfall at the time of sale so we've had an unworkable repayment plan for the last year. In our...

Hi, I attempted to secure a similar deal with a bank but they refused to split the shortfall. Both parties are jointly/severally liable for the debt. If one of the debtors files for bankruptcy, the other is then fully liable for the entire outstanding debt.

I'm aware not everyone has a pension in the private sector and yes all pensions income is taxable. Sorry I didn't ask the question correctly. I meant an equivalent person in the private sector. Typically, if a 25 year old took out a defined benefit pension and made contributions at a...

thanks. Yes it's really good but this is a new pension arrangement since 2005 and nobody has got to that magic 31 years+there is an attrition rate of approx 60% in the first 5 years in my sector of the public service. So the benefits are there but people cant/wont stay for that period of time...

Yes the increments have been spread out to every 18 months now and the small jumps are negated by tax. My point was, staying for the long haul to get the pension is great in theory but the wages now combined with little progression really discourages staying. Correct 31 years, retire at 54...

Yes I agree with your second paragraph but I can't preempt what the banks view will be at the time. Well, I'll put it to you this way. 8 years ago I was on 300 more net per month than now. I've moved up 7 pay scales in that time with more responsibility, hours and workload. If I was lucky to...

Hello LS400, So far so good. We are really happy we sold the house. Stress, broke, no hope. At least now we have some hope. Renting the property wasn't an option as we could only get 900 pm and the mortgage was 1600+associated costs of renting out a house. To cover the rest each, and rent...

JRD I have a mortgage loan account with EBS. I found them very difficult to deal with myself so employed a solicitor on my behalf. The most important thing is to get consent to sale which was obtained by our solicitor. Your original post was in March so I'm not sure what your current...

Epicaricacy Thanks for that information. The two year gap was advised from the date of sale so we have another year to go. The idea being the bank would get nothing for two years then dangle the carrot as a ''something better than nothing'' once off lump sum offer of approx 25-30K which is...

Brendan We will obviously have to pay off a loan from a family member so this will take time to clear. The original mortgage was 1300 but in 2013 we lost the TRS, had to pay back 50 per month for one months arrears and an interest rate hike sent us over the edge. This pushed the mortgage to...

Brendan, Yes EBS is our only creditor. I've been advised to wait approx 2 years before offering the bank a once off payment but nothings certain. I'm happy to explore the IMHO-AIB/EBS Grant Thornton route, if it could be resolved sooner. So I will look into that in the meantime. No that's...

Brendan Surely arranging a once off lump sum payment to EBS(via a loan from a family member) to write off the debt is better than paying a DSA arrangement for up to 6 years where I would be registered as being officially insolvent? I recently applied for a large loan from my bank (BOI) and no...

Hi Brendan I have considered all the ISI facilities but am worried about the future implications of a DSA etc when applying for a mortgage/finance at a later date. I am looking to see if anyone has gone informally to a bank and got a deal(one of payment/writedown/significantly better terms)...