IBF Mortgage lenders say they'll help people having difficullty with mortgage repayments

Over 1,000 homeowners a month are seeking help from the Government to pay their mortgage. However both in the household must be unemployed before the Government will pay part of the mortgage. At the moment half of this are being refused help. This statistic comes on the back of news that The Irish Banking Federation has pledged to help homeowners facing difficulty with their mortgage repayments. The banks say they will make rolling six month agreements with customers who are in difficulty and provided the customers keep to these terms the banks will not initiate any legal action against them.

However many homeowners say this deal is too reliant on the banks as they are the ones that make the distinction as to whether homeowners can’t pay their mortgage or won’t pay. That means if the banks feel the borrower’s efforts to repay the loan are insufficient they will still push through a repossession order. Many journalists have called this offering from the banks merely a PR campaign to draw attention away from headlines showing the reality of home repossessions.

At Debt Assist we offer the services of in house Solicitors and Accountants to negotiate the best reduction possible on your repayments whether client’s are having trouble with mortgage arrears, credit card arrears or paying back any loan. We make sure our clients pay back only what they can afford to pay back by doing a comprehensive financial review of our client’s financial situation. Call us on 1890 87 67 27 or visit http://www.debtassist.ie/ and book an appointment with one of our advisors and see what Debt Assist can do to improve your circumstances.