Advertisement

Two orders for repossession made at Limerick Circuit Court

Two orders for repossession made have been made at a sitting of Limerick Circuit Court. Banks and...
Newstalk
Newstalk

07.32 6 Mar 2015


Share this article


Two orders for repossession ma...

Two orders for repossession made at Limerick Circuit Court

Newstalk
Newstalk

07.32 6 Mar 2015


Share this article


Two orders for repossession made have been made at a sitting of Limerick Circuit Court.

Banks and other lending institutions bought over 200 applications for possession of family homes today.

But the majority of cases were adjourned to later dates.

Advertisement

The judge gave more time for families to seek alternative accommodation, or work out a repayment deal with their lender.

Father-of-two Niall Mulligan, originally from Dublin, could no longer pay his mortgage after he lost his job in the building trade:

In all, 219 applications to repossess homes in Limerick city and county were listed for hearing today. The applications were being taken by all the major banking institutions and others.

Of the well known lenders, TSB had the bulk of cases, pursuing 57 individuals or families. AIB is taking 37 cases, Ulster Bank 27, Bank of Ireland 14 and KBC 12.

In the past years 1,000 possession orders have been approved by the courts.

Latest figures show 37,500 mortgages are currently more than two years in arrears.

Limerick reporter David Raliegh spoke to Newstalk Breakfast this morning to give them the details of the case:


Share this article


Read more about

News

Most Popular