OTHER IMPORTANT INFORMATION:
Payment Protection Insurance
Legal proceedings
We only start legal proceedings to repossess and sell your home as a last resort. If the proceeds we receive from selling your home do not cover all amounts you owe us (including unpaid interest and charges, and any legal and selling costs), you will have to pay the outstanding amounts. If we take legal action to repossess a property, we estimate that the costs will be more than €3,000 (and could be far more). That estimate is for Circuit Court proceedings and takes account of solicitor’s fees, expenses and VAT (but not barrister’s fees or other fees and costs that arise in some cases)
If you have previously purchased payment protection insurance for your mortgage loan, it is important that you contact your insurance provider as you may be entitled to make a claim on that policy. If your mortgage is in arrears, the amount of your protection insurance may not be sufficient to cover the outstanding balance Credit reference agencies If you are in arrears, details will be recorded by credit reference agencies such as The Central Credit Register. This could make it more difficult for you to get credit
from us or other financial institutions in the future. For example, you may have difficulty getting g a loan, overdraft or credit card.
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Contact Us: 053 94 88709 | arrearssupport@alturacu.ie
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