Mortgages may be settled after death
Lenders are coming under renewed pressure from the Central Bank to find sustainable solutions to mortgage arrears cases.
Rescheduled loans, which must be paid into retirement and lifetime tenancies where a home is sold on the death of the owner to settle an outstanding mortgage, must be considered by banks dealing with distressed borrowers, according to new Central Bank guidelines.
Lenders are coming under renewed pressure from the Central Bank to find sustainable solutions to mortgage arrears cases, as the next quarterly target for arrears resolution looms for banks.
The Central Bank has...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine