{"id":3680,"date":"2017-05-11T12:41:53","date_gmt":"2017-05-11T12:41:53","guid":{"rendered":"https:\/\/www.ccpc.ie\/consumers\/?page_id=3680"},"modified":"2020-10-21T08:59:21","modified_gmt":"2020-10-21T07:59:21","slug":"mortgage-arrears","status":"publish","type":"page","link":"https:\/\/www.ccpc.ie\/consumers\/money\/debt\/mortgage-arrears\/","title":{"rendered":"Mortgage arrears"},"content":{"rendered":"

Being in mortgage arrears means that you have missed mortgage repayments. Missing a repayment can have a negative effect on your credit history<\/a>\u00a0 If you can\u2019t meet a repayment or think you may miss a repayment, you should contact your lender as soon as possible, preferably in writing.<\/p>\n

If your lender contacts you by letter or phone, don\u2019t ignore this. It is important that you co-operate with your lender. If you don\u2019t cooperate, your home could be at risk of repossession.<\/p>\n

What to do if you miss a mortgage payment<\/h2>\n

If you have missed a mortgage repayment, or think that you might, you should contact your lender as soon as possible.<\/p>\n

If you think you might have ongoing issues making payments, you should look at your income and spending to make a debt action plan<\/a> before contacting your lender. This information will help you when you talk to your lender. If you have a mortgage payment protection<\/a> policy, you should also check if it covers mortgage repayments for a certain amount of time.<\/p>\n

Under the Central Bank’s Consumer Protection Code 2025<\/a><\/strong>, all lenders must have a Mortgage Arrears Resolution Process (MARP). These requirements apply to the mortgage on your primary residence. All cases must be handled sympathetically and positively by the lender to help consumers meet their mortgage obligations.<\/p>\n

Mortgage arrears supports<\/h2>\n

There are many supports available if you are in mortgage arrears, including:<\/p>\n