Bank entitled to repossess family home used as security on loan, appeal court rules

A couple have lost their appeals against a decision that Irish Bank Resolution Corporation is entitled to an order for possession of their family home arising from failure to repay a loan advanced in the 1990s.

IBRC sought possession of the home of Patrick and Patricia Raftery at Cloonbrackna Court, Roscommon, over their failure to repay €246,000 arising from a £69,000 loan taken out to buy an investment property. Most of the sum claimed is interest.