All,
Today I received a "Letter Reference...... "P28 - 1" from Xxxxxx Bank. The 1800 phone number to which I called was picked up in the UK (yet the letter address is in the Republic). The gent I 1st spoke with transferred me to Edinburgh, but the phone was picked up by an Irish man in Dublin after 10 mins on hold!
I explained the instructions on the letter to contact the 1800 number asap. The Irish person I spoke with did not have the slightest notion about the "P28-1's" origins (from Uk or Rep) when I called them this evening!! The banks Right hand not talking to the left.....again!
Fyi.... P is for provision 28. Can you please elaborate Brendan?
The letter reads as follow's...
Dear Mr's Xxxxxx,
We are writing to inform you that you will be classified as a not co-operating borrower if you do not contact us within 20 business days from the date of this letter.
To avoid being classified as not co-operating we require you to do the following:
-Contact us within 20 business days from the date of this letter on 1800 xxx xxx.
-Provide us with information relevant to your financial position, to enable us to complete a full assessment of your financial circumstances.
-If these actions are not taken at any future point , we may classify you as not co-operating without further warning.
The implications of being classified as a not co-operating customer are:
-You are no longer protected by the MARP
-Legal proceedings may commence for repossession of your primary residence which is secured by this mortgage
-You may not be eligible for a Personal Insolvency Arrangement"
The footer of the letter goes on in normal advisory chatter.
Fyi I am awaiting an FSO adjudication. Unfortunately - I cannot give precise detail yet about my situation hence the P28 warning letter having issued. Apologies!
Have many of these letter's been posted in the Republic of Ireland as of yet and if so what is the Banks next move?
All advise welcome!!
Thanks all!!
Today I received a "Letter Reference...... "P28 - 1" from Xxxxxx Bank. The 1800 phone number to which I called was picked up in the UK (yet the letter address is in the Republic). The gent I 1st spoke with transferred me to Edinburgh, but the phone was picked up by an Irish man in Dublin after 10 mins on hold!
I explained the instructions on the letter to contact the 1800 number asap. The Irish person I spoke with did not have the slightest notion about the "P28-1's" origins (from Uk or Rep) when I called them this evening!! The banks Right hand not talking to the left.....again!
Fyi.... P is for provision 28. Can you please elaborate Brendan?
The letter reads as follow's...
Dear Mr's Xxxxxx,
We are writing to inform you that you will be classified as a not co-operating borrower if you do not contact us within 20 business days from the date of this letter.
To avoid being classified as not co-operating we require you to do the following:
-Contact us within 20 business days from the date of this letter on 1800 xxx xxx.
-Provide us with information relevant to your financial position, to enable us to complete a full assessment of your financial circumstances.
-If these actions are not taken at any future point , we may classify you as not co-operating without further warning.
The implications of being classified as a not co-operating customer are:
-You are no longer protected by the MARP
-Legal proceedings may commence for repossession of your primary residence which is secured by this mortgage
-You may not be eligible for a Personal Insolvency Arrangement"
The footer of the letter goes on in normal advisory chatter.
Fyi I am awaiting an FSO adjudication. Unfortunately - I cannot give precise detail yet about my situation hence the P28 warning letter having issued. Apologies!
Have many of these letter's been posted in the Republic of Ireland as of yet and if so what is the Banks next move?
All advise welcome!!
Thanks all!!