Mortgage Restructure Services
Advice on existing mortgages.
We provide a range of strong support services for Mortgagors and Borrowers in these difficult times. We are ideally placed to offer independent ongoing advice that can assist clients in making the right decisions as they attempt to resolve mortgage difficulties. Unfortunately, the range of issues and problems that some people face are leading to long-term worry and stress. Also, rarely are two situations alike, and so advice should only be given, and decisions taken, when a full financial fact-find has taken place, and consideration given to short, medium and long-term scenarios. All meetings with lenders are dealt with by the firm's principal, Mr Frank Lenny, QFA, C.U.A., (LIAMdip), APA (Personal General Insurance). A former bank manager and an expert in the mortgage arena.
We can assist in communicating with Lenders, and providing valuable independent advice. Engaging our services can take a lot of stress and mystery out of the equation. A problem confronted is a problem that can be dealt with, and communication with mortgage lenders is crucial.
We can assist in all areas, including;
- Interest-Only Periods.
- Capital Moratoriums.
- Arrears repayment arrangements.
- Mortgage term adjustments.
- Interest rate advice.
- Advice on Capital reduction payments (Tracker and Non-Tracker Mortgages.)
- Advice on loan conditions, and lenders powers and obligations.
- Attending resolution meetings with clients and their lenders. All borrowers are enitiled to have their advisor present at such meetings.
Our professional fee is €200 to open a file, and thereafter our standard fee of €150 per hour applies. In certain circumstances, depending on the complexity of the case, and the time involved in dealing with same, a once off "Set Fee" may be agreed in writing with our client in advance of providing the service. We do not provide advice in other debt management areas such as term loans, car loans, credit cards and car leasing.
The Irish banking Federation have recently updated their Code of Practice on Mortgage Arrears. Please check out www.ibf.ie