We have a rental property in Dublin, where the tenant has just rang up to say they can't pay the rent, or most of the rent (they are self-employed).
We have the mortgage with AIB, and thinking about asking for a moratorium for 3 months. The issue is that it is a PDH (Primary Dwelling Home) mortgage - we never told them we had to move out and are renting it out.
I can't give the reason for the moratorium that the tenant won't pay, as I don't want to run the risk of being transferred to Buy-to-Let rate (that I couldn't afford).
Has anybody experience of the detail of questions and documentation the bank push for to get the moratorium? Somebody told me that they are approving them without too much oversight. Or would appreciate any other ideas of how to proceed?
We have the mortgage with AIB, and thinking about asking for a moratorium for 3 months. The issue is that it is a PDH (Primary Dwelling Home) mortgage - we never told them we had to move out and are renting it out.
I can't give the reason for the moratorium that the tenant won't pay, as I don't want to run the risk of being transferred to Buy-to-Let rate (that I couldn't afford).
Has anybody experience of the detail of questions and documentation the bank push for to get the moratorium? Somebody told me that they are approving them without too much oversight. Or would appreciate any other ideas of how to proceed?