This article will be up shortly. In the meantime, please read some of my previous articles while you are here!!
We are clearly facing a potential crisis with people struggling to pay their mortgages in Ireland - as I predicted in my article ‘Aftershock’ (see below) last August.
Is it possible to find a way of helping mortgage holders in negative equity/struggling with their monthly mortgage repayments by structuring something based on the type of home equity release/reversion/income plans popular in the UK?
This article will look at potential solutions that are equitable to both mortgage provider and mortgage holder.
I’m currently writing the article so it should be up in 2-3 days.