Homeoptions is a Not-for-Profit formed to help citizens of Ireland deal with Vulture funds with respect to their family home. Through our partnerships, we also offer debt advisory, legal and personal insolvency practitioner services.
For most of us, our mortgage is the biggest and most important loan that we will ever have. It is therefore vital that you have the right mortgage for you. There are principles and rules about how financial service companies should behave and the processes they should go through in relation to mortgages.
However, in many cases in Ireland in the past, lenders have failed in our view to properly assess clients’ needs leading to individuals being left with mortgages they cannot afford to pay. Your mortgage may have been unsuitable for you and the selling bank let you down. If you are struggling to pay your mortgage and it was originated in the years before the crash, please read our section on Mis-sold Mortgages for further details.
Mis-selling also applies to “interest only” loans due to be repaid in full after your retirement date.