The Supreme Court, Full Recourse Loans And Legal Advice

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 [...]

By |2014-04-11T08:45:38+01:00April 11th, 2014|Courts, Legal Advice, Mortgage, NAMA, News, Selling|

Baby Steps

The news that  NAMA has introduced a house sales product designed to protect purchasers from further falls in house prices has to be welcomed. Whilst the proposed scheme, which essentially protects purchasers from a fall in house prices of up to 20% over next five years is not without flaws, it is a step in [...]

By |2012-05-09T08:32:18+01:00May 9th, 2012|House Sales, NAMA|
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