RIP Ulster Bank Tracker mortgage that has historical arrears with UB sold to Cerberus. Was on a economic concession and never missed agreed payments. Was constantly looking for UB to roll up the arrears but they never did. I was dealing with PDH issues at the time which also had arrears also a tracker. Got the PDH fully performing and no issues since.
Issue is the RIP, I am paying full capital and interest but Cerb wont allow me to pay the o/s arrears. I have an active FSPO complaint against Ulster as they never rolled up the arrears despite promising to do so and it is a tracker. They appointed a receiver and the tenancy is up next month. Cant understand how they are allowed to essentially refuse to let me pay the arrears and essentially asset grab. They want the o/s mortgage amount in full approx €500k to remove the receiver but i cant get re-financed at this level and will lose the 0.75% tracker to a 5% variable even if I could. Anyone any thoughts and previous experience on this?