Solicitor dealings leave bank worried

THE Head of Lending with IIB Bank has told the High Court of concerns about title documents to a number of properties, including residential properties, in relation to which solicitor Thomas A Byrne had dealings.

Mr Barry Kealy said he had particular concerns about title documents in relation to a house in Clondalkin, Dublin, which was purchased by a couple who were clients of Mr Byrne. That property was now registered in the name of Mr Byrne but was in fact mortgaged by the couple to IIB Homeloans, IIB having advanced some €335,000 to be secured on a mortgage on that house.

An undertaking by Mr Byrne to produce a set of title deeds to IIB Homeloans remains outstanding, Mr Kealy said.