Introduction Abhaile Scheme
If you are in serious mortgage arrears on your home, if you are unable to pay your debts, and if your mortgage lender has begun to take legal action, you may be able to access the Abhaile scheme for borrowers in home mortgage arrears.
This scheme provides a range of services to help you to deal with your situation, including financial advice, legal advice and insolvency advice.
Abhaile is coordinated by the Department of Justice and Equality and the Department of Employment Affairs and Social Protection. It is operated by the Money Advice and Budgeting Service (MABS) in conjunction with the Insolvency Service of Ireland (ISI), the Legal Aid Board and the Citizens Information Board.
Panels of qualified and regulated professionals have been set up to provide services under the Abhaile scheme. Debtsolv have a dedicated team to assist with regards to providing independent expert advice to people in difficulty with mortgage arrears.
Who is eligible for Abhaile?
You will be eligible for advice and assistance under the Abhaile scheme if:
- You are insolvent – this means that you are unable to pay your debts in full as they fall due and
- You are in mortgage arrears on your home and
- You are at risk of losing your home (for example, if your mortgage lender has initiated repossession proceedings or indicated that they plan to do so; if they have said that they consider you to be non-cooperating; or if they have asked you to consider selling or surrendering your home)
However, even if the above conditions are satisfied, you will not be eligible for the Abhaile scheme if your home is disproportionate to your reasonable living accommodation needs, as set out at section 104 of the Personal Insolvency Act 2012.
If your mortgage arrears relate only to a buy-to-let property, you are not covered by the Abhaile scheme.
However, if you are in mortgage arrears on your home, and you also own a buy-to-let, you will still be eligible if you satisfy the above conditions.
Eligibility is reviewed on a case-by-case basis. We will guide you and check if you are eligible for Abhaile.
Debtsolv: Personal Insolvency Practitioner (PIP) Service
A panel of Personal Insolvency Practitioners (pdf) has been set up under the Abhaile scheme. If you wish to explore your options under personal insolvency, Debtsolv can give you a voucher for free advice and help .
We are on the Abhaile scheme panel – The voucher will entitle you to a face-to-face consultation with our PIP or a member of Debtsolv staff. The PIP will carry out a full assessment of your financial situation, explain all the available options and the best option for you to deal with your mortgage arrears, and confirm that advice to you in writing. The PIP will also assist you to prepare a Prescribed Financial Statement (PFS) with you. This is a detailed written analysis of your financial situation, as required under the personal insolvency legislation.
If the PIP advises that your best option is personal insolvency, they will help you in taking the next steps. If they advise that your best option is bankruptcy, they will also provide you with the certificate required by the bankruptcy court, confirming that you have been advised regarding your options under personal insolvency. You are eligible for the Personal Insolvency Court Review Service under the Abhaile scheme (see below) if you are insolvent and in mortgage arrears and your creditors have rejected your proposal for a Personal Insolvency Arrangement (PIA) that included your home.