Stephenflongo
New Member
- Messages
- 7
Not sure if this it correct place for this post, apologies if it isn't. Myself and my ex partner have a joint 30 year Interest Only mortgage of €210k with PEPPER / (previously BOS) there is ten years left on the loan before the full amount has to be paid. We separated four years ago, my ex partner moved out of the home and I live there and have paid the mortgage since, I have not missed any payments to date. I have not worked in over ten years and am currently on disability allowance so I struggle to make the monthly payments when mortgage protection and home insurance are factored in. Nine months ago I inherited €170k from my deceased parents estate so I employed a solicitor to engage with PEPPER on my behalf offering them €160k as a final offer in the hopes that they might write off the balance. I must add at this point that one of PEPPER's telephone reps indicated that they sometimes accept offers like this. Eight months later and my solicitor has not had a response from PEPPER despite contacting them several times. Five weeks ago I asked MABS for their advice as they have been assisting me with a moratorium during the first lockdown , they suggested that they contact PEPPER and find out what is happening with the offer which they did, but again they have had no response from PEPPER.
At this stage I just want to know where I stand with this, is this something PEPPER might consider or is it a definite no. If it's a no then I can decide what to so next.
I must add that I have no intention of selling the property at this point as I have put so much work into it over the years.
So my question is... am I wasting my time trying to negotiate a lump sum offer with PEPPER or is it something wort pursuing and if so is there anything else I can do to move it past the current deadlock. Any advice is very much appreciated.
At this stage I just want to know where I stand with this, is this something PEPPER might consider or is it a definite no. If it's a no then I can decide what to so next.
I must add that I have no intention of selling the property at this point as I have put so much work into it over the years.
So my question is... am I wasting my time trying to negotiate a lump sum offer with PEPPER or is it something wort pursuing and if so is there anything else I can do to move it past the current deadlock. Any advice is very much appreciated.