What we do
Homeowners
- Negotiate with your mortgage providers, creditors, revenue, credit cards, personal loans on your behalf.
- We submit all paperwork and ensure that it is followed up correctly.
- Your creditors are NOT allowed to contact you once The Financial Foundation is appointed to act on your behalf.
- Proven track record in safe-guarding families and keep them in their homes.
- We are independent and act on YOUR behalf.
- We also deal with pending Court dates and threats of Repossession.
- We deal with our clients in a compassionate manner and never judge.
Creditors
- We act diligently on behalf of your clients and submit all paperwork on their behalf.
- Excellent working relationship with all creditors and legal teams.
- Proven track record in negotiating the following long-term arrangements.
- We are independent and also authorised and regulated by The Central Bank of Ireland.
- Business All- Star Accredited
- Thought Leader in Mortgage Restructuring (Business All-Star Foundation)
- Proven track record in negotiating the following long-term arrangements.
- Secured reversal and removal of repossession orders
- Clients’ cases struck out of the legal system
- Write-offs of residual debts where the lenders have sold the properties at a shortfall
- Split mortgages
- Part capital and interest mortgages
- Capitalisation of arrears
- Term Extensions
- Interest Rate Reductions
- Hundreds of people kept safe in their homes
The possibility of losing your home is one of the most stressful situations that many families have to go face in modern day Ireland. Since opening in 2016, The Financial Foundation has assisted hundreds of people to stay in their homes through negotiations with their lenders.
Finding Debt Solutions
We deal with all types of debt including secured and unsecured and will work with your creditors to find an affordable and sustainable solution agreeable to both parties.
We deal with the following types of debt:
- Mortgages
- PDH – Private Dwelling House (Family Home)
- RIP – Residential Investment Properties
- Mortgage Shortfalls
- Mortgage Arrears
- Credit Cards
- Credit Unions
- Personal Loans
- Overdrafts
- Revenue Debts
- Car Loans
- Business Debts
Negotiate
We will negotiate on your behalf and dramatically reduce the level of calls and letters to you and will stay with you every step of the way.
Here are a few of the type short term arrangements that we recommend:
- Interest only: You only pay the interest on your mortgage for a period of up to 12 months.
- Interest and part capital: You only pay the interest on your mortgage and part capital for a period of up to 12 months.
- Temporary, partial or full moratorium: You defer paying all your capital and all or part of your interest mortgage repayments for a specified period of time.
Paperwork
We will collect all paperwork from you, prepare your Standard Financial Statement and deal with your creditors.
Prioritisation
When we have determined your affordability to your creditors, we will prioritise your mortgage and secured debts and pay your unsecured creditors on a pro-rata basis.
Clarification
We will explain all agreements to you in simple terms and ensure all agreements are finalised.
Education
We will offer advice and guidance on your household budget and spending habits.
Our Fees
Initial Consultation
Free of Charge
1 x PDH (Private Dwelling House) and up to 10 Creditors
Each Additional RIP (Residential Investment Property)
Review Fee
€295.00
Success Fee
- To Lodge an Appeal in relation to their decision
€75.00
- To Lodge a Formal Complaint
€75.00
- To provide a letter for the Circuit Court
€50.00
- To attend court with Client (Includes Travel & Expenses)
€100.00
- To submit a complaint to the Financial Services Ombudsman
€150.00
Initial Deposit
Success Fee
€495.00
If a repayment plan proposed on your behalf is unsuccessful, there is no refund on fees
When the charges will be payable and how they can be paid is as follows:
Invoices will be sent when we are in receipt of your signed Customer Engagement Letter and we kindly request that payments are made in advance of the preparation of a Standard Financial Statement.
In more complex cases or cases with more than 10 creditors, the firm will need to charge additional fees and those fees will be clearly identified in writing prior to commencing your services.
We will be entitled to submit interim invoices for the Services and disbursement as work progresses. Invoices are payable within 30 days of presentation. We reserve the right to add interest at a rate of 2% a year over 3 month EURIBOR (Euro Inter Bank Offered Rate) for the time being, on any invoice that remains unpaid 30 days after presentation.
Payment of Invoices can be made by Cash and Cheque.
If a proposed Repayment Plan made on your behalf is unsuccessful, there is no refund on fees.
Documents Required
- Photo ID
- 3 months Bank Statements (Must be dated within the last 3 months and show a continuous 12 weeks of transactions)
- 3 x most recent Payslips or P60
- 3 x Social Welfare Slips
- Last 3 years Audited accounts (Self-employed)
- Latest Mortgage Statement (or most recent correspondence)
- Recent correspondence from All Creditors (not utility bills unless in arrears)
- Copy of Separation / Divorce Agreement where applicable
WARNING: YOU MAY STILL HAVE DEBT OUTSTANDING AFTER COMPLETING THE DEBT MANAGEMENT PROCESS
SOME RECENT RESTRUCUTRES
Check below for some of our most recent restructures for clients.
The examples of Restructures given on our Website are indicative of some of the resolutions being offered by our clients’ lenders. Each file is assessed on a case-by-case basis some of the given examples may not apply in your current situation
WARNING: YOU MAY STILL HAVE DEBT OUTSTANDING AFTER COMPLETING THE DEBT MANAGEMENT PROCESS