Mortgage options split or deferred payments

W

wgreer1976

Guest
Have a 210k left on mortgage. 30 yr term with 23 yrs left. Fixed rate and in about 50k negative equity with permanent tab.

Am in one month arrears and can barely make it to the end of the month to pay all bills.

What options would free up 300 to 400 euro a month to live on.

What about split mortgages? R these available yet or deferred interest.
 
Have you engaged with the MARP with PTSB?

The first thing to do is to contact your lender and they should offer to reschedule your mortgage. Switching it to interest only for a while should free up a fair bit for you, even if you have 23 years left.
 
I have been in regular contact with PTSB and have had a payment holiday, went interest only for 6 months as well but need to look at something longer term which was why I was wondering about Deferred interest and Split Mortgages or would extending the length of the Mortgage make more sense.

Whatever option I pick I need to make sure it is the right one
 
Please provide more details.

What option are you on at the moment.

Interest rate
When does fix end?
Your income

Brendan
 
5.1 fixed rate due to finish next january. Joint income of 46 k
 
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