Couple pay nothing off €1.2m Mount Merrion debt

A Dublin couple have not paid a penny off the €1.2m debt on their Mount Merrion home for the past two years, the Circuit Civil Court has heard.

John Donnelly, counsel for Ulster Bank Ireland Ltd, told Judge Jacqueline Linnane that Niall And Evelyn Shanahan had shown no interest in engaging with the bank or the court in proceedings to repossess their home.

Mr Donnelly told the court that the balance due on the couple’s mortgage on Woodley, 52 Fosters Avenue, Mount Merrion, Co Dublin, was now just under €1.2m.