€340,000 in payment arrears on Dublin house

A Dublin man, who bought a €1.26m house as an investment in March 2006, now owes €340,000 in repayment arrears. He has not paid a penny of the mortgage for the past six years, a judge heard today.

Judge Jacqueline Linnane said Richard Murphy, of 10 Carrickmines Avenue, Dublin 18, whose investment property is No 44, Rochestown Park, Dunlaoghaire, Co Dublin, said he had never attended a Circuit Civil Court hearing relating to his bank debt.

She granted Permanent TSB Plc, formerly Irish Life and Permanent, a possession order against Murphy, for the property.