Our ultimate goal at Link Asset Services is to find a resolution to your financial difficulties. To do this, we follow the Mortgage Arrears Resolution Process ('MARP'), ensuring that you are offered appropriate protection and support at all times.
This process only applies to loans which relate to your primary residence - typically your home or the only Irish property owned by you.
The Mortgage Arrears Resolution Process ('MARP') is a framework provided for by the Central Bank of Ireland under the Code of Conduct on Mortgage Arrears ('CCMA'). It describes a process for dealing with customers who are currently in arrears with their mortgage repayments or who may potentially fall into arrears.
The MARP aims to engage with, support and find a resolution for such customers. It also places obligations on you, our customer, to co-operate with us in this process. If you don't work with us, there is a danger that you will be deemed not co-operating, and will lose the protections afforded to you under the MARP.
Link Asset Services has prepared a booklet which takes you through the MARP process in detail. A copy of the MARP booklet is available here.
There are four steps to the MARP:
Communication is the most important step in the MARP. If you’re worried that you won’t be able to meet your next repayment or if you find yourself behind with your mortgage repayments, please contact our Arrears Support Unit (‘ASU’) at the details below:
Call: 1890 100 045 (Mon-Fri 9am to 5.30pm excluding bank holidays)
It would be beneficial if you could have your account details to hand when contacting us.
Once you get in touch, our ASU can work with you to explore the different options available to you.
Under CCMA, we are required to send letters to all customers in arrears, detailing the amount of arrears currently outstanding and other key information related to your mortgage account. The letter will also detail the MARP and the steps to be followed by you.
If you receive any correspondence from us, it is important that you respond promptly so that we can work effectively with you.
It is very important that you co-operate with us throughout this process as not co-operating may result in you losing the protections afforded by the MARP.
To ensure we have a clear picture of your financial situation, we will ask you to complete a form called a Standard Financial Statement (‘SFS’). The SFS details key information such as income, expenditure and outstanding debts, and it will allow our ASU to fully understand your current position. It is therefore important that you complete the SFS fully, honestly and accurately, and that all relevant disclosures are made.
We will request documentation from you to support the information provided in the SFS, such as copies of payslips, bank account statements and other relevant information.
If you need help completing the SFS, call our ASU on 1890 100 045. They will be happy to talk you through any queries you might have.
You can find a guide to completing the SFS on the Central Bank website here.
You may also wish to seek independent advice from the Money and Budgeting Advice Service (‘MABS’) or from an independent financial advisor.
Please click here to download a blank SFS.
Our ASU will assess your completed SFS and determine whether any alternative repayment options are available to you. As part of this step, we will also consider several key factors, including:
We may also be in touch with you during this stage if any information requires clarification.
Having completed our assessment, we will then determine whether a particular alternative repayment option would be appropriate.
While we can’t guarantee a specific outcome, we are fully committed to finding a resolution that will work for you and your circumstances. Some of the alternative repayment arrangements (ARA) Link Asset Services will consider include:
Other options available to you:
Voluntary Surrender, Mortgage to Rent, Voluntary Sale of your Property.
Each option is explained in more depth in our MARP booklet. An ARA being offered is subject to your individual circumstances and our assessment of your SFS. As such, some options may not be suitable for your particular situation.
You have the right to appeal our decision where:
You must submit your appeal in writing within 20 business days of receipt of our decision.
All appeal letters should be sent to:
Customer Appeals Board,
c/o Customer Relations Team,
Link Asset Services,
Block C, Maynooth Business Campus
Link Asset Services has a range of guidance, booklets and forms available to assist you.
Change of Address / Contact Details
Please use this form to notify Link Asset Services of any changes to your address or contact details.
This booklet summarises the MARP process for borrowers in financial difficulties that apply to loans relating to your primary residence - typically your home or your only Irish property.
Standard Financial Statement ('SFS')
The SFS is a form required as part of the MARP, and details key information such as income, expenditure and outstanding debts.
A blank version of the SFS can be downloaded here.
A Central Bank guide to completing the SFS can be downloaded here.
Should you need assistance in understanding any of this guidance, please do not hesitate to contact us.
Information Booklet for SMEs
This booklet summarises the process that applies to SMEs that are facing financial difficulties.
New Variable Rate Policy Statements
WARNING: YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE OR ANY OTHER LOAN SECURED ON IT.
WARNING: If you do not meet the repayments on your credit agreement, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future.
If you have a variable rate mortgage:
WARNING: THE PAYMENT RATES ON THIS HOUSING LOAN MAY BE ADJUSTED BY THE LENDER FROM TIME TO TIME.
If you have an endowment loan:
WARNING: There is no guarantee that the proceeds of the insurance policy will be sufficient to repay the loan in full when it becomes due for repayment.
If you have an interest-only arrangement:
WARNING: The entire amount that you have borrowed will still be outstanding at the end of the interest-only period.
If you have a debt consolidation arrangement:
WARNING: This new loan may take longer to pay off than your previous loans. This means you pay more than if you paid over a shorter term.
Please note, the information provided on this website applies to customers whose loans have been sold to a non-regulated third party firm and on whose behalf Link Asset Services has been appointed to provide loan administration services.
If your loan has not been sold to a third party and remains with the originating bank, please refer to this bank's website for further details in relation to your mortgage repayment difficulties.
Please note that Link Asset Services does not own your mortgage and no new lending is currently provided by Link Asset Services.