Balance on €143k subprime loan rose to €1.1m

A subprime lender has been told there are issues to be determined after the balance due on a €143,000 loan rose to more than €1.1m in less than 10 years.

The lender, Home Funding Corporation (HFC), was seeking to repossess a family home in Kerry which had been put up as security for a loan in 2004.

At a sitting in Tralee, Kerry County Registrar Padraig Burke said he could not grant the order yesterday as important issues had emerged which the company needed to clarify.