You need to make arrangements with AIB to repay the debt.
Unless they have been possibly impacted by the tracker examination?Hi Banjaxed
Whether your circumstances have changed or not is irrelevant. They should not be asking you for such information.
The only time they should do so is
1) If you have restructured your home loan
2) You owe them money on your buy to let and are not paying it.
Brendan
Coming up to two years ago - we ended a 4-5 year battle with AIB over a Buy to let Mortgage which went belly up.
We came to an agreement with Bank - lost the property (that sentence is very short !! - but after several very difficult years that about what the situation amounted to I guess!! ).
This week out of the blue we received a formal letter from the bank requesting us to fill out a four page statement of means - financial statement - get it signed by solicitor or comm of oaths.
Brought back lots of bad memories ....
of course I did contact the gentleman who sent the letter - he said that it wasn't unusual that bank was obliged to keep information updated. He did ask me has our circumstances changed and if they hadnt we didnt have to respond ... but its bothering me, I find it strange.
Note btw: we have a very small mortgage on our own home (AIB also) but it is not and never has been in arrears has only 5 years left on it and is in good shape. We have no other loans or overdrafts whatsoever.
Anyone have any insight into why this might be requested.
Hi Banjaxed...
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