In Whelan v. AIB (Unreported Supreme Court 30/1/14) the third plaintiff, his wife and children, contracted for a loan to purchase land in Waterford for €25 Million, which later had a value less than €5 million. The third plaintiff was a successful businessman. The loan agreement was on a full recourse basis to all plaintiffs [...]
SEVEN years ago, Rob Taylor's three-bedroom West Bridgford home was worth £170,000. Following a large kitchen extension, its value shot up to between £210,000 and £220,000. And now that the property's valuation has climbed even higher, much to the surprise of Rob and his wife Sarah. He said: "We are looking to move to somewhere [...]
Loans to households and business continued to decline last month, according to new statistics from the Central Bank. Household loan repayments exceeded drawdowns by €856 million in January, as loans for house purchases continued its decline, falling by €416 million. This followed on from a net monthly decrease of €143 million in household loans in [...]
so·lic·i·tor/səˈlisitər/ Noun: A person who tries to obtain business orders, advertising, etc.; a canvasser. The chief law officer of a city, town, or government department. Sean O'Brien is the founder and partnet of a team of solicitors in Tallaght; but what exactly is a solicitor, what do they do and how can they help you? [...]
Reports in the newspapers today suggest that the AIB faces a mortgage time bomb by virtue of the fact that staff facing redundancy owe the bank a total of €2 billion in mortgage debt. Over the last few days, the Taoiseach has admitted that the government has failed to deal with the question of distressed mortgages, [...]
