Hi,
Looking for some advice for my mother, any help appreciated.
Some info first of all;
- Mortgage has a remaining balance of approx €115k
- On a tracker (+1.25)
- 9 years remain on the mortgage
- Monthly payments are €1k
- Mortgage is with PTSB
She will receive a net redundancy of approx €70-80k in the next few months and the likelyhood of her finding work again are very slim.
What advice would you give her regarding the mortgage?
Given it's a tracker, would the bank consider a deal? If yes, what would the best approach?
Thanks in advance
Looking for some advice for my mother, any help appreciated.
Some info first of all;
- Mortgage has a remaining balance of approx €115k
- On a tracker (+1.25)
- 9 years remain on the mortgage
- Monthly payments are €1k
- Mortgage is with PTSB
She will receive a net redundancy of approx €70-80k in the next few months and the likelyhood of her finding work again are very slim.
What advice would you give her regarding the mortgage?
Given it's a tracker, would the bank consider a deal? If yes, what would the best approach?
Thanks in advance