Roslynn Doherty was born and raised in Drogheda and is the founder of an Irish debt management company, the Financial Foundation, specialising in Mortgage Arrears and Repossession Orders. “I help people in mortgage distress to engage with their lenders. More
There are a lot of options available to our customers in terms of repayment schemes, and there are numerous advantages and disadvantages to these. So let us guide you through some of the Alternative Repayment Arrangements (ARAs). Term Extension This is where the term on your mortgage account is extended. This reduces the amount of your …
In this week’s article we discuss the advantages and disadvantages of short term arrangements that some lenders may be agreeable to after we negotiate with them on your behalf. Interest only Restructure You only pay the interest on your mortgage for a period of up to 12 months. Advantage: Temporarily reduces your overall mortgage repayments …
