Is there any reduced payment option for PTSB?

[lallu]

We took out our mortgage in December 2007, I am the main borrower as my husband isn't working.I haven't missed any repayments yet, but if the interest rate goes any higher, I doubt....!! In addition to that I will be starting materenity leave in July. Do you think I will be eligible for interest only/ reduced payment options?

 

[niceoneted]

you should contact the bank in relation to this and explain the situation. You will most likely have to provide them with a list of incomings and outgoings so start getting that prepared.
You could also complete the money makeover where people can point out where savings can be made in your outgoings.

 

[southside100]

I have organised to go Interest Only with my mortgage in PTSB for 6 months, you will be required to fill in an Incoming/Outgoings form and it will be sent to the restructuring department for approval, it was approved without any hassle. Rumour has it they will soon be offering 2 years Interest Only breaks as standard to people struggling, as they are receiving so many applications, just to allow people time to get back on their feet. hope this helps, best of luck with the baby!!

 

[Roamer808]

suspended the first 3 months of this year and the next 6 months are interest only. No problems with PTSB, even though I didn't know them in the branch (my own shut last year when they started cutting costs). Fill in the basic how much do you earn and how much essential overheads you have. They won't be impressed if you tell them you live it up at the weekend, which I have heard a few people not ommitting and getting a frown from the bank person. I told them I spend nothing on entertainment. The rest was essentials