Couple owed €246k after not making repayments since 1990s

A couple face losing their home after the High Court ruled that the Irish Bank Resolution Corporation is entitled to an order for possession of the property arising out of their failure to repay a loan advanced to them in 1990s.

Mr Justice John Hedigan yesterday said that IBRC was entitled to an order for the possession of Patrick and Patricia Raftery’s home at Cloonbrackna Court, Roscommon, over their failure to repay €246,000 arising from a £69,000 loan taken out to buy an investment property.

Most of the sum claimed is interest. The couple intend to appeal yesterday’s ruling to the Supreme Court.