Would appreciate any input please. My wife's sister is having difficulty paying her mortgage. She is a single parent and solely purchased the property in 2004. Her mortgage went into free fall in 2011 when the recession hit. Roll on 2014 and she is back in full time employment and her bank agrees to capitalize arrears of 10k. At this stage the repayments have significantly increased and in 2015 she finds herself in difficulty again (realistically the agreement with the bank was unsustainable and inevitably was destined to fail). The bank agree again to recapitalize and accept full interest plus 70% of capital each month equating to a monthly repayment of approximately €1,880.00. As of today's date she is €3,000.00 in arrears. The bank have contacted her and asked her to make them a proposal and if not they will call the loan in. Some figures as follows: Remaining mortgage owed: €376,000.00 Value of property: €310,000.00 Payment being made: €1,880.00 PM Bank would like: €2,390.00 PM Interest rate: 4.5% SVR Monthly income after tax: €3,500.00 (made up of salary from job, income from BTL and income from renting a room). Loan BTL (no equity): €580.00 PM She contacted a PIP who told her to try and make a deal with her lender and if no deal could be made she could enter into insolvency. She cannot go on the housing waiting list until the bank formally declares her mortgage unsustainable. The PIP has advised her that should they take on her case they would be requesting the bank lower the interest rate for a specific period of time. Do you think she should fight to see another day at this property or agree to a voluntary sale?