Thursday, 14th December 2017
Social media Waterford Today on Twitter Waterford Today on Facebook
Abhaile, the Free Mortgage Arrears Service, Offers Help in Waterford

Abhaile, the free mortgage arrears service, administered by the Money Advice and Budgeting Service (MABS) has invited local community advocates to an information evening at the Woodlands Hotel on July 24th.

A recent study* conducted by the Citizens Information Board (CIB) and based on research** from the Central Bank, revealed that 9% of mortgages in Co. Waterford are in arrears. In addition, almost 66% of people are unaware that there are free support services available to homeowners in mortgage arrears.

Bobby Barbour, Manager, Abhaile said;

“Since its introduction last October, Abhaile has supported over 4600 homes owned by people in mortgage arrears. We want to continue to reach people that Abhaile may be able to help. We want to connect with well-known people in the community to ask them to look out for those who may be struggling with home mortgage arrears and to provide the necessary information about Abhaile, where and when they can. We would like to make it clear to people in home mortgage arrears that free expert legal and financial advice is available to them.”

The Abhaile voucher service provides four different fixed packages of professional financial, and legal advice. These are the Personal Insolvency Practitioner (PIP) Service, the Consultation Solicitor Service, the Duty Solicitor Service, and the Personal Insolvency Court Review Service. MABS can refer borrowers to one or more of these services, depending on their needs.

James Quinlan, Dedicated Mortgage Advisor, MABS said;

“I would encourage anyone worried about their mortgage arrears to contact MABS by calling the national Helpline on 0761 07 2000 Monday – Friday 9am-8pm. The service is free, confidential and independent. From there, the MABS Helpline Advisor will direct callers to the most relevant source of help for them. Remember, it’s never too late to engage, the first step is picking up the phone.”

Duty solicitors at repossession hearings, alongside MABS Court Mentors, act as a further support for borrowers should they find themselves in need of help. Thomas O’Mahoney, Duty Solicitor and Partner at Joseph Nolan & Co. Solicitors said;

“Under the newly created Duty Solicitor role, a nominated solicitor can address the court on behalf of someone using Abhaile. We are seeing a dramatic increase in borrower engagement through the Abhaile Service resulting in less repossession orders granted by the Courts. We would encourage any borrower in mortgage arrears to contact MABS and begin meaningful engagement with your lender.”

Further information on Abhaile and a list of local MABS offices is available at http://www.mabs.ie/abhaile

Contact the MABS helpline on 0761 07 2000 Monday to Friday 9am-8pm.

Facebook

Letters to the Editor

  • OUR VIEW

    Perfidious AlbionThe recent statement by the UK’s Brexit Minister responsible for their leaving the European Union David Davis really threw a spanner in the political works last week. His remark that the joint text agreed between the UK and the EU concerning a soft Brexit for Ireland was more a statement of intent rather than the legal enforceable international agreement between both parties caused consternation in Europe and Ireland.Ireland’s Minister for Foreign Affairs Simon Coveney was quick to …

    read more »

Weekly Poll

wso shell url tara mass alexa sorgula base64 decode hacklink satış wordpress themes youtube mp3 download eskişehir escort escort eskişehir