Mortgage payment holiday

[silverbullet]

All banks to offer mortgage holidays to homeowners

https://www.independent.ie/business/personal-finance/all-banks-to-offer-payment-holidays-39055378.html

Sent via @updayIE

[dublin2018]

I called Ulsterbank yesterday and asked about a payment holiday on my personal loan, they said one default then reported to ICB.Ive no income and filled out that pandemic form and posted it.

[Shallowhal]

Love the bit where it says "interest will still accrue"

Therin lies the rub.

[The Liffey Lip]

Morons will avail...3 months could mean 2 yrs paying more interest.

[Rat Catcher]

Do penalties still apply if you "default" on a fixed rate?

[Shallowhal]

Do penalties still apply if you "default" on a fixed rate?

Explain "default"?

[Rat Catcher]

Avail of a so-called - not hitherto envisaged - mortgage holiday or break.

[Shallowhal]

We have a fixed rate and we'll be enquiring with our lender(BoI) in the coming days,we only owe 27k so i'm hoping they'll say.."Hal,you the man,we're writing off your debt...have a nice day!!"

[The Liffey Lip]

Good luck with that plan.........huts fall under the variable radar thankfully.

[Shallowhal]

Good luck with that plan.........huts fall under the variable radar thankfully.

I'm just as deluded as you!!

[The Liffey Lip]

Not quite...but when it comes to women,,,definitely.

[mercenary for hire]

Mortgage holidays have always been around.I think the banks aren't allowed to affect your credit rating during the crisis whatever you decide to do.

[Shallowhal]

Was thinking about getting a loan from Provident,offering a competitive 1346% interest rate.

[mercenary for hire]

Take it and do an Erm.

[Cool Boola]

Banks giving nothing away.They know that if this continues for a extended period..people cannot and will not pay.I regard them as one of the most immoral  organisations on this planet.No Helicopter money in this country..only Hade type greed...