More info sought over repossessions

Banks must be able to tell the court if the house it seeks to repossess is a family home or an investment property, a county registrar yesterday ordered.

Padraig Burke, county registrar for Kerry, also told the legal representatives for the various lending institutions seeking repossession orders at the circuit court in Tralee yesterday that they must give “full details of the stress test analysis” they carried out on the applicants at the time of granting a mortgage.

Market value of the house at the time of purchase and its current market value must also be provided by the lending institutions, Mr Burke stipulated.