AIB pledges longer term mortgage solutions
AIB has said it plans to introduce a range of longer term solutions to help tackle the issue of mortgages in difficulty.
These would include split mortgages, trade down/negative equity mortgages and a voluntary sale for loss option, it said.
AIB is also currently piloting a Mortgage to Rent initiative in conjunction with the Department of the Environment and Cluid Housing Agency.
It said it had implemented solutions for more than 33,000 customers in difficulty.
AIB CEO, David Duffy said: “AIB’s policy is to treat customers fairly and to keep borrowers in their homes as a matter of priority."
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