FF councillor with €450k in bank refused building loan

A Fianna Fáil councillor has been blocked from getting a small building loan despite having €450,000 in his bank account.

Cllr Kieran Bourke in Tipperary was previously involved in building houses, but got out debt-free during the recession. However, he sought to get back into house building when he spotted a site for sale in his hometown of Carrick-on-Suir.

Bourke said he had sought a loan of €450,000 to buy the site from ...