PTSB/Pepper restructure

Discussion in 'Mortgage arrears & negative equity case studies' started by USER1981, 21 Feb 2019.

  1. USER1981

    USER1981 Registered User

    Looking for some guidance if possible..
    I was informed that I was sold to pepper in Dec.
    I recently sent off sfs to permanent tsb as I taught I could afford to up repayments and they have come back with offer to allow me up payments from €705 to €833 per month. It's still interest part capital. The original balance at end was goimg to be €119,000 that will now have reduced to €63,000 on maturity... of which I'm happy with.

    I suppose my question is if I agree to increase in payments are

    A. Do u think pepper will continue to allow me meet restructure. Will they be happy to continue as I am.

    B. Is this restructure now in place for 3 years following sale in June to pepper.

    C. This restructure is at 4.5% rate. I recently got my statement and said I.could fix for 1/3/5 years at 3.7%. Should I contact PTSB to see if lower rate is option..