Can a Split Mortgage lessen the Burden
Last week, details of AIB groups new split mortgage emerged. This new product is available to all Customers who have their family home mortgage with AIB/EBS or Haven. In a time of many different groups preaching aspirational solutions without precedent, evidence, track record or a guarantee of success; Split Mortgages irrespective of one liking them, are a solution for people in mortgage difficulties.
This new split product addresses a number of negatives that currently exist with split...
AIB new Split Mortgage product
As many will know when we begun the AIB initiative, we stated that if any better product became available that anyone we did a deal for and who was eligible would be offered this. I’ve tried to explain how it will work and please note that this is an example only and that its not an ala carte selection, but based on affordability.
The below example is for illustration purposes. The mechanics of any split mortgage will depend entirely on individual circumstances and affordability
If you...
Progress update on initiative between IMHO and AIB / EBS / Haven
Press Release
Mortgage Holders initiative by IMHO and AIB Group has proved to be a success
·123 long term sustainable solutions agreed
The ground-breaking initiative between the Irish Mortgage Holders Organisation (IMHO) and AIB Group designed to help distressed mortgage holders has resulted in:
· 1011 mortgage holders received information and activation packs containing an introductory letter explaining the core procedures for dealing with arrears, a plan of action for the borrower,...
