Banks vie for registering of Lynn properties

SOME of the country’s leading banks are trying to “jump the queue” in the race to be the first to register claims over properties the subject of multiple mortgages taken out by solicitor Michael Lynn, the High Court was told by lawyers for other banks yesterday.

The court also heard that at least three, and maybe four, mortgages were taken out by Mr Lynn within days of each other in April 2007 over one property — Glenlion House, Thiomrmanby Road, Howth, Co Dublin.

The three known mortgages were taken out for a total estimated value of about €12 million, while the house is said to be worth about €5m.