Brothers have home repossessed after making just two repayments in 10 years on €650k mortgage

Two brothers, one of whom tragically since became blind, have lost the €650,000 home they bought together in 2009 after debt on their joint mortgage spiralled to just under €1m.

Brothers have home repossessed after making just two repayments in 10 years on €650k mortgage

Two brothers, one of whom tragically since became blind, have lost the €650,000 home they bought together in 2009 after debt on their joint mortgage spiralled to just under €1m.

Judge Jacqueline Linnane, granting so-called vulture fund Promontoria (Oyster) Dac a possession order against David and Mark Darcy, said they had made only two payments totalling €1,600 in the 10 years since they had bought the property.

You have reached your article limit. Already a subscriber? Sign in

Unlimited access starts here.

Try from only €0.25 a day.

Cancel anytime

More in this section

Lunchtime News

Newsletter

Get a lunch briefing straight to your inbox at noon daily. Also be the first to know with our occasional Breaking News emails.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited