Understanding Your Finances

The Standard Financial Statement (SFS) is a form designed to help you set out your current financial circumstances. This will help us to get a better understanding of your financial situation and allow us to identify the best approach in helping you deal with your financial difficulties. As part of the Mortgage Arrears Resolution Process (MARP), you are obliged to complete this form. The completed SFS should be sent to your branch Mortgage Co-ordinator, along with any additional relevant documentation. Your Mortgage Co-ordinator will provide assistance in completing the SFS if required.

Relevant supporting documentation includes the following:

In all cases
- 3 months most recent bank statements for all current accounts held by you. Your name, address and account number must be stated on at least one of the pages

In cases as appropriate to your employment status

Employed (PAYE)
- 3 most recent payslips

Self Employed
- Revenue balancing statement (Notice of Assessment)
- 6 months most recent business current account statements

Unemployed / Job seeker
- 3 most recent social welfare receipts or confirmation of social welfare payments to be received

The supporting documentation should be provided for each party to the mortgage account.

You can download the SFS here together with the Central Bank consumer guide to assist you in completing the form.

Please see our range of tools and guides to help you manage your debt:

Standard Financial Statement (SFS).

A Guide to Completing our Standard Financial Statement.

SFS Videos.

Guide for Reasonable Living Expenses.

 

Where you are in financial difficulty on a property which is not your primary residential property* and therefore not protected under MARP, you will need to complete the Reduced Repayment Application Form (RRAP).

 

This form is designed to help Buy to Let (BTL) Customers detail out their current financial circumstances. This form will help us to get a better understanding of your financial situation and allow us to identify the best approach in helping you deal with your financial difficulties. The completed RRAP should be sent to your branch Mortgage Co-ordinator, along with any additional relevant documentation. Your Mortgage Co-ordinator will provide assistance in completing the RRAP if required. The RRAP should only be completed by customers who have a BTL property and are not using the property as their primary residence.

*Primary residential property: A property which you occupy as your primary residence or which is your only residential property in this State (that you may not currently reside in).