Mortgage Arrears

A step-by-step guide to the main processes

For people facing mortgage arrears, this app outlines the main processes involved and how they relate to each other.

Select any of the headings below for more information, or contact the Money Advice and Budgeting Service (MABS) on 0761 07 2000.

Links in this app go to the keepingyourhome.ie website or to other websites. You can also view this information in a high-contrast, text-only version.

Either: You contact your lender to say you think you will go into arrears

Or: You miss a mortgage payment, in full or in part

Your mortgage arrears are classified as a Mortgage Arrears Resolution Process (MARP) case

Your lender asks you to fill in a Standard Financial Statement (SFS)

Your lender’s Arrears Support Unit (ASU) assesses your financial situation and examines alternative repayment arrangements

Outcome 1: You accept your lender’s offer of an alternative repayment arrangement

Outcome 2: You do not accept your lender’s offer of an alternative repayment arrangement

Outcome 3: Your lender does not offer you an alternative repayment arrangement

Option 1: You decide to appeal the offer or decision made by your lender under the Mortgage Arrears Resolution Process (MARP)

Option 2: You consider voluntary sale or voluntary surrender of your home, or trading down

Option 3: Your lender suggests you apply for the mortgage-to-rent scheme

Option 4: You consider a Personal Insolvency Arrangement (PIA)

Option 5: You consider declaring bankruptcy

Option 6: You agree to repossession or your lender starts legal proceedings to repossess your home

Eligibility criteria for the mortgage-to-rent scheme – summary

Mortgage-to-rent process

Eligibility criteria for a Personal Insolvency Arrangement (PIA) – summary

You contact a Personal Insolvency Practitioner (PIP)

You decide to apply for a Personal Insolvency Arrangement (PIA)

Personal Insolvency Arrangement (PIA) process: Protective Certificate

Personal Insolvency Arrangement (PIA) process: proposal

Personal Insolvency Arrangement (PIA) process: creditors’ meeting and court

Your Personal Insolvency Arrangement (PIA) is now in force

You consider declaring bankruptcy

Eligibility criteria for bankruptcy – summary

Bankruptcy process: first stages

Bankruptcy process: next steps

Effects of your bankruptcy

Discharge from bankruptcy

Circuit Court process: civil bill

Circuit Court process: entering an appearance

Decisions by the County Registrar

Executing the court orders

After repossession