This is what's happening to family member, after loosing both earners jobs about a year and a half ago, the mortgage became a huge burden so had a meeting with a bank official who visited their home and he was so help-full, Arranged interest only payments etc what was affordable, now that agreement time has come to an end, they find themselves €12k in arrears a host of bank charges, the person who came up with the payment plan has gone (seemly disappeared), Now the bank are in full treat to repossess, Point is 4 bed house is probable not in negitave equity Borrowed 145 to build on own 1 acre site with a lot of family help, got it finished enough to live in. What has happened here is paying interest only has put them into arrears, MARP is written by the banks for the banks. They want to talk to this person who helped them last year but bank is not able to contact him so in meantime they want the 12k and all charges. We cant let house be taken as a lot of our money and time went into their home. Where to next?