An Update:
I have sent the bank the requested bank statements and my Tax Returns. They called me yesterday by phone and asked me for two things:
1. My accountants estimate of my future earnings. (My accountant says he can write a letter, but that he sees no reason why my income should rise in the foreseeable future.
2. The bank asked me if I had a proposal for them.
Now that they have asked me to make a proposal, which I was never asked the whole time I was in the MARP last time, I feel the tone may be slightly less confrontational.
However, I want to make a realistic proposal, something that will stand up to scrutiny or stress testing, and that won't be dismissed out of hand by the bank. Reality is the outstanding debt is €395,000 the house value is about €140-150,000, and I can only afford to pay about €800-€850 per month. Similar houses would rent for €600-€700 per month in the area, and the house next door to us, which is of a similar standard has been for sale for over 12 months.
Any advice on what proposal I should make to the bank would be appreciated.
Thank you everyone.