IF WE. . . . Do not offer you an ARA, for example where we have concluded that the mortgage is unsustainable, and an ARA is unlikely to be appropriate; or
Offer you an ARA that you are not willing to accept
We will inform you in writing of other options that are available to you.
In those circumstances, we may commence legal proceedings for repossession of your home either 3 months from the date the letter informing you of your options is issued, or 8 months from the date that the arrears first arose on your mortgage, whichever date is later. Legal proceedings for payment or re-possession can be very costly for all parties and if the property is disposed of you would remain liable for any outstanding debt, including accrued interest, legal, selling and other related costs.
Contact Us: 053 94 88709 | arrearssupport@alturacu.ie [10]
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