Politician to lose family home

Dublin city councillor Nial Ring and his wife, Joyce, have lost their family home in leafy Clontarf to Bank of Ireland Mortgage Bank.

Mr Ring, who wanted to be lord mayor of Dublin during the Centenary year of 2016, has arrears debts totalling more than €500,000 on their house at 63 St Lawrence Road, Clontarf, Dublin 3.

Sheila Finn, counsel for the bank, told Judge Jacqueline Linnane in the Circuit Civil Court that Mr Ring and his wife owed €514,817 in arrears alone on three loans taken out initially with the governor of the Bank of Ireland and transferred to Bank of Ireland Mortgage Bank in 2005.