A friend of ours has a very small mortgage with PTSB, monthly repayment less than €200.00 per month on an investment tracker mortgage.
She rents the property but was unable to find tenants for a few months hence the property going into arrears of over €800.00
She is currently meeting all payments now on mortgage but they still don't seem to be happy with the repayments she is making towards the arrears.
She asked one of the staff in their collections department how long it takes for them to repossess an investment and she was told after three months proceedings can commence.
Could anybody shed some light please?