Former Anglo Irish Bank applies for possession of couple's home

Irish Bank Resolution Corporation is seeking possession of a Co Roscommon couple's family home over their alleged failure to repay €246,000 of mainly interest on a £69,000 loan obtained by them to buy an investment property in 1991.

IBRC, the state owned bank formed after Anglo Irish Bank and Irish Nationwide Building Society (INBS) were amalgamated and nationalised, has asked the High Court for an order seeking possession of Patrick and Patricia Raftery home at Cloonbrackna Court, Roscommon Co Roscommon arising out of a bridging loan it claims was advanced to them by INBS in December 1991.