Hi Brendan, Thank you for your reply.
I fully intend scrapping the mortgage protection on the buy to lets at the earliest possible opportunity, something PTSB would not let me do previously. I would then pay the €120pm insurance saving toward reducing one of the loans which is what I requested PTSB allow me to do in the past.
Only concern I have is! If I default on the inclusive mortgage protection which was non negotiable at the time the restructure agreement was put in place 3 years ago, am I then possibly defaulting on the terms of the restructure agreement itself. I'm assuming Start are going to be difficult to deal with, so last thing I want is to be seen as defaulting in any way on the restructure agreements.
I may have to complete the DD mandates and make mortgage protection payments until Start have taken over the accounts, then approach Start about dropping the mortgage protection in favour of increasing monthly mortgage payment.
I have approximately 18 years remaining on restructured mortgage agreements on the buy to lets, €120pm toward payments is a substantial amount over 18 years.
Regarding broker, PTSB had already sent me out DD mandates to complete. I see no reason why they notified any broker let alone an independent broker.
My concern is Data protection and brokers contacting me by post to a tenanted address that's not and never has been my Home address.