While it is highly unlikely the couple will live until the end of the mortgage term, their debts could end up being fully repaid as both have life assurance policies. The lengthening of their mortgage term means they will be allowed make smaller monthly mortgage payments they can afford. Afterwards Mr Lenihan told the Irish Independent the couple were “delighted” with the outcome. Mr Farry told the court the matter was “quite an unusual case”. The barrister said Permanent TSB was to be complimented for its approach to the case.

Source: Irish Independent July 30, 2021 15:56 UTC