Single mother’s house repossessed

A SINGLE mother struggling to pay her mortgage while working as a taxi driver had her home repossessed yesterday by a sub-prime lender.

The High Court heard how the mother had become ill after being attacked while working and had then fallen into difficulties making repayments to lender Stepstone Mortgages.

Her mortgage, with interest, for her home in Edenderry, Co Offaly, had amounted to €214,000 on a loan of €190,000 originally taken out in late 2007, the court heard. Arrears on the €1,227 monthly repayments had also grown to nearly €20,000 after the woman began defaulting with the lender more than two years ago.