Mortgage Arrears Resolution : We can help


Aidan O’Byrne of OBK Accountants, a fellow of Chartered Accountants Ireland has been included on the panel of Accountants registered to assist mortgage holders in arrears. Aidan is currently actively involved in negotiations on behalf of a number of borrowers. As the lender pays the €250 fee to the accountant, the service is free to the borrower. Should the borrower wish to engage the accountant for other services not covered by the €250 fee, arrangements can be agreed directly with the accountant.


The Central Bank has specific requirements for lenders when dealing with borrowers in mortgage arrears and pre arrears.  It requires lenders to handle all such cases sympathetically and positively, with the objective at all times of helping people to meet their mortgage obligations.

Lenders must operate a Mortgage Arrears Resolution Process (MARP) when dealing with arrears and pre-arrears customers. People applying for a Personal Insolvency Arrangement (PIA) must declare that they have co-operated with their mortgage lender under the MARP for at least six months and have been unable to agree an alternative repayment arrangement. 

Mortgage Arrears Information and Advice Service

As part of the Mortgage Arrears Information and Advice Service your participating lender will pay €250 for a consultation with an accountant of your choice drawn from a panel composed of members of recognised accountancy bodies, Participating accountants must hold practising certificates from their professional and regulatory bodies.  Such practising accountants operate within a regulatory regime which includes oversight and regulation of their conduct and performance by their professional bodies, and, ultimately, by the Irish Auditing and Accounting Supervisory Authority.

Contact Aidan O'Byrne ( for further details.

Date Added: 22 Apr 2014

Back to latest news