Brothers have home repossessed after making just two repayments in 10 years on €650k mortgage - News Summed Up

Brothers have home repossessed after making just two repayments in 10 years on €650k mortgage


Two brothers, one of whom tragically since became blind, have lost the €650,000 home they bought together in 2009 after debt on their joint mortgage spiralled to just under €1m. Mr Keane, who appeared with Dylan Byrne of HJ Ward Solicitors, said the brothers had opposed Promontoria’s application for a possession order since the case had come to court almost four years ago. Judge Linnane said the brothers now owed €991,000 on their mortgage, including €351,479 of arrears on repayments, and stated that they had effectively lived rent free in the property since 2009. Roisin Burnside, counsel for the brothers, said Mark had in recent years become blind and was now living with his parents. When Judge Linnane granted the possession order Ms Burnside said her client was in penury and asked the court not to make a punitive costs order against him.


Source: Irish Examiner November 19, 2019 15:26 UTC



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