There’s no specific clause related to this in the general conditions, but in the section "Statutory Notices and Other Warnings",
I would expect such a clause to be in the general conditions if it is to have any effect. A notice or a warning doesn't seem like part of the contract to me, but I am not a solicitor.
Brendan
What is your own situation? Have they charged you yet? I suggest you ignore it until they actually charge you.
Our mortgage is on our home, on a tracker rate of 0.59%
I wasn't even looking for any write-offs: an ideal solution would be a split mortgage.
I almost certainly will meet with them, for the reason you mention if none other. However, I'd like to write to them first to set them straight on a few points
With €12k arrears, they would find it very difficult to succeed in any legal action.
How much is the house worth?
I don't think you will be able to refinance to a bank, if you have arrears.
One recently Suggested to an elderly couple that they voluntarily surrender their house and offered them a loan to buy another property -
I would suggest you talk to someone who is actively dealing with Cerberus on behalf of mortgage holders - they will know first hand what Cerberus are likely to agree to.
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