What is Abhaile?
Abhaile is a State-funded scheme for those whose homes are in mortgage arrears. Through this program, a range of services can be provided to help with your situation, including insolvency advice, legal advice and financial advice. The program is supported by the Insolvency Service of Ireland, the Legal Aid Board and the Citizens Information Board, with financial backing provided by the Department of Justice and Equality.
Abhaile is a service which helps homeowners find a solution to their home mortgage arrears. The program provides vouchers for free financial and legal advice and help from experts. The vouchers are available through MABS or can be applied for directly from your Personal Insolvency Practitioner.
Abhaile’s main aim is to provide assistance to mortgage holders in arrears and to help them find the best debt solutions for their situation and when possible, keep homeowners from loosing their own homes.
How can I qualify?
After a free, initial consultation with our team we can decide whether you are eligible for the scheme.
To qualify for the scheme, you must meet the following conditions:
- In mortgage arrears on their home
- Considered Insolvent as defined under the Personal Insolvency Act 2012 – i.e. unable to pay their debts in full as they fall due
- At risk of losing their home having received arrears letters from their lender
- Are ‘Reasonably Accommodated’, meaning that the cost of of continuing to live in this same home is not disproportionately expensive with respect to the persons reasonable accommodation needs.
If you are in mortgage arrears on your Buy-To-Let property then you are not covered by the Abhaile scheme. If you are in mortgage arrears on your home, but you also own a Buy-To-Let, you will still be elegible if you satisfy the above conditions.
What is the cost of the Abhaile program to me?
Nothing. The Abhaile scheme is 100% state funded and if you qualify there will be no charge to use these services. All of the professional advisors, including us, have agreed to provide a fixed amount of advice and help for free to those who meet the conditions.
Enquire today about the Abhaile program.
For more detailed information about Abhaile, please visit the MABS website.