Advice re financial situation

We are in the process of switching from pepper to our credit union. Currently on 8.6% and going to a 4.5% so a big saving. Why don't you want a variable rate?

This: https://mabs.ie/blogs/what-is-the-personal-insolvency-practitioner-service/

You need to engage with this type of service but have your husband on board first! Being self employed is a complication as often no regular income is a problem from a lenders perspective. However that depends on the nature of his business and he may have solid contracts that are provable.

Start with MABS, they will refer you to a PIP if appropriate.

There is no guarantee of that.

Variable and tracker are 2 very different things.

The definition of "I don't know what a tracker mortgage is"

I've been to MABS a while now and they referred me to a PIP advisor. Never knew what one was before last week. Have a load of online forms to fill in for them. PIP I think could be most helpful. There was no mention of payment for services. How do they get their fees? A bit worried about that.

Op this advice. MABS is your first port of call.

There's no such thing as free. (You knew that 😉 )

There is some government funding via various programmes. And there are sometimes fees deducted from settlements.

Just speaking from our own experience in the last 12 months. Seemed to just offer budgeting advice which we didn't need. Nice to deal with and I'm sure they are helpful to some people but not our situation.

OP you said your husband is self employed, and sticks his head in the sand for this stuff. Is he up to date with his taxes, income tax and VAT? It's worth sitting down with him to find out, in case this is worse than you know.

Ptsb had 3.25 rip off tracker and because people didn't understand that it was a rip off, ptsb profited hugely from the lack of understanding of how high the tracker was.

Pepper have to continue the tracker. But it's likely the 3.25% ptsb tracker that some people still have.

Even if ECB eventually drop to 2% (2+ years possibly) the op will STILL be paying one of the highest mortgage rates in the country.

Op needs to contact credit union or bank of Ireland first thing tomorrow - they will be saving hundreds every month in a few weeks