http://www.irishtimes.com/news/irel...g-to-deal-with-distressed-borrowers-1.2175288
I've consistently said this to my mortgage provider for years but they still would not meet and talk to me sensibly.
Spoke with someone at start mortgages a few weeks ago, they said they were open to all sensible offers and were not having a policy of repossessions, What a crock of sh*te.
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MichaelG.
We can be sure that whoever bought Start, bought it at a large discount.
They do not have a policy of Repo ,not out of softness but that Repo is a long drawn out, uncertain and more importantly expensive process for them.
If you are not in arrears there is no need for Start to settle.
If you are not in negative equity there is no need for Start to settle.
If you are in arrears and in negative equity ,a settlement might appeal to Start.
If you wish to (push) matters , do a Subject Access Request ,SAR to Start . For e6.50 you will get your hands on all documentation/calls etc on your account.
Also check have they Good Title to the house.
Quite often ie up to 20% Banks do not have clear title.
At worst ,after this you will have proper info to work on.
Am I right in thinking that Start have well reduced the rates they were charging to a sensible level?