Group announces free mortgage negotiation service

Group announces free mortgage negotiation service

The Irish Mortgage Holders Organisation has announced it is to provide a new mortgage negotiation service for those struggling with loan repayments.

The initiative will give those in arrears the option to avail of an independent, third-party facilitator to advise and engage with AIB, EBS or Haven on their behalf.

The service will be available free of charge to all AIB Group residential mortgage customers.

David Hall of the IMHO said it is a ground-breaking development.

He said: "Distressed mortgage holders and those in arrears with AIB, EBS or Haven have a choice now if they are afraid of dealing with the bank or don’t want to deal with the bank, they can deal with us.

"We will gather the financial information that is required, all the supporting documentation and then make proposals direct to AIB in relation to a long-term affordable solution.

"This will be a separate, stand-alone, independent office within the Irish Mortgage Holders Organisation, with no influence in any shape or form by AIB on the operation.

"I'll be doing the negotiation with AIB, but we will have a direct line into a three-person arrears team, which will allow decisions to be made in a speedy manner, to try and get this whole thing moved on

"So the objective here is to move into a new phase of solutions, rather than sitting talking about it."


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