Abhaile financial services

Below are financial services available under the Abhaile Scheme. For more information please call our helpline 0761 07 2000, Monday to Friday, 9am to 8pm. Our face-to-face service is completely free, confidential and independent, and is available in more than 60 locations nationwide.

Personal Insolvency Practitioner (PIP) service

A panel of Personal Insolvency Practitioners has been set up under the Scheme. If you wish to explore your options under personal insolvency, MABS can give you a voucher for free advice and help from one of these PIPs. You can choose your PIP from the Scheme panel, subject to availability.

The voucher will entitle you to a face-to-face consultation with a PIP. 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 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.

Accountant service

If your case involves complicated financial issues, but is not suited to personal insolvency, MABS can give you a voucher for free financial advice from an accountant under the Scheme. An accountancy panel has been set up, listing accountants who participate in the Scheme. You can choose your accountant from this panel, subject to availability.

You will first need to work with a MABS adviser to complete the Standard Financial Statement (SFS) that lenders require under the Mortgage Arrears Resolution Process (MARP). The accountant will need a copy of this statement in order to give you financial advice.

The voucher will entitle you to a face-to-face consultation with the panel accountant. The accountant will advise you on any financial issues relating to resolution of your mortgage arrears and advise you on possible solutions, and will confirm that advice to you in writing.

Dedicated Mortgage Arrears Advisers

MABS has put in place a network of Dedicated Mortgage Arrears (DMA) advisers, who are located in MABS offices around the country and act as the first port of call for an applicant to the scheme. These DMA advisers are able to provide a high level of independent expert advice to people in difficulty with mortgage arrears.