Anonymous help
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Hi all
I'm a regular user who has set up a new profile for help with a query. Hope that's ok.
My parents purchased a house in 2000. During the process the sale of their then existing house fell through. To prevent the sale of their new house falling through the mortgage advisor in PTSB suggested they take out a buy to let mortgage at 6.3% which they did. The original house subsequently sold a few months later and they moved into new house. It was never rented out. But they remained on the BTL mortgage.
As far as I'm aware my father didn't realise the mistake until approximately 2014 at which point he wrote to them and explained what had happened. They responded that the agreement he had signed was for a buy to let mortgage, that all should have been explained by his solicitor and if he had any grievance to contact them. He stopped paying the mortgage around 2017 at which point there was approx €10,000 outstanding. They have written to him a few times over the years, he replies that he was on the wrong rate and has in fact overpaid, they reply that he was on the rate he signed the contract for and it all just goes around in a circle.
He is now in his late 70s, is terminally ill and is attempting to get his affairs in order and I've just been filled in on all this now and handed a file of papers and asked to see what can be done.
Sorry for a long winded story but just trying to give as much information as possible. Can anyone advise if there is any course of action I could take to help him resolve it?
I'm a regular user who has set up a new profile for help with a query. Hope that's ok.
My parents purchased a house in 2000. During the process the sale of their then existing house fell through. To prevent the sale of their new house falling through the mortgage advisor in PTSB suggested they take out a buy to let mortgage at 6.3% which they did. The original house subsequently sold a few months later and they moved into new house. It was never rented out. But they remained on the BTL mortgage.
As far as I'm aware my father didn't realise the mistake until approximately 2014 at which point he wrote to them and explained what had happened. They responded that the agreement he had signed was for a buy to let mortgage, that all should have been explained by his solicitor and if he had any grievance to contact them. He stopped paying the mortgage around 2017 at which point there was approx €10,000 outstanding. They have written to him a few times over the years, he replies that he was on the wrong rate and has in fact overpaid, they reply that he was on the rate he signed the contract for and it all just goes around in a circle.
He is now in his late 70s, is terminally ill and is attempting to get his affairs in order and I've just been filled in on all this now and handed a file of papers and asked to see what can be done.
Sorry for a long winded story but just trying to give as much information as possible. Can anyone advise if there is any course of action I could take to help him resolve it?