Tuesday August 4, 2020

Banks must comply with rules, says High Court

Banks which don't demand repayment of the full mortgage from borrowers, or don't follow the Financial Regulator's code of conduct, may not be allowed to repossess homes.

24th February, 2013

Banks which don't demand repayment of the full mortgage from borrowers who are in arrears, or which don't follow the Financial Regulator's code of conduct, may not be allowed to repossess borrowers' homes, following a High Court decision.

Malcolm and Susan Duff had borrowed €258,000 from Irish Life and Permanent (ILP) in 2003 for a 25-year mortgage on the Louth home where they live with their teenage children. The house is on unregistered land, while...

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