The current COVID-19 pandemic will affect the incomes of many Irish households. All the banks in Ireland can offer a range of financial supports such as payment breaks on mortgages or other loans.
AIB Bank of Ireland KBC, Permanent TSB and Ulster Bank are offering payment breaks for mortgages up to three months. If you have been affected by COVID-19 and are worried about making your mortgage repayments, you should contact your bank directly to discuss the options available to you.
Landlords can also request payment breaks
Any missed payments will usually be added on to the mortgage balance. So you will end up paying the missed payments eventually.
Personal Loans and Credit:
Flexible finance arrangements such as payment breaks are also being offered on personal loans and credit (credit cards, overdrafts, hire purchase, PCPs). If, due to the COVID-19 situation, you are struggling to make your repayments and you wish to avail of a payment break, contact your bank or financial provider as soon as possible to discuss your options.