I had a mortgage around 443,000 euros in 2008 and took a 10 year fixed rate at 5.44% with around 22 years remaining thinking this was a good thing at the time with EBS. I was self-employed until 2010 and fell into arrears, while my partner and I managed to keep some payments going, although not the full amount since 2010, we are summons to appear in court on the 18th Dec 2015. I received a Solicitors letter in February representing EBS asking for the full sum of 485,000 euros outstanding including arrears within 7 days or expect judgement against me. There was no mention of the fixed rate penalty in this letter? I was aware there be a penalty but was in shock when I rang EBS to ask why it was not included in the final Solicitors settlement letter. They were not aware of the error and said it would be taking into account at a later stage, the penalty fee is 69,000 euros approx. Am I going to be forced to pay this enormous penalty after I sell my home and pay the 485,000 requested in the earlier solicitors letter. I've been a honest individual and out of clarity I wanted to know why the penalty was not in the final solictors letter and they said it was a error and left out by mistake, have I opened up a can of worms for myself?