Judges ‘not up to speed on home laws’

The Master of the High Court has warned that judges lack knowledge about new laws concerning repossession cases as the mortgage market begins to be “sliced and diced”.

Edmund Honohan has also called on the Government to set up a mortgage registration authority to regulate the sale of bank loan books which would help strengthen the rights of borrowers.

The comments by Mr Honohan come amid fears for the rights of thousands of borrowers whose mortgage loans from Irish Nationwide are set to be sold off in the next two weeks.