Trial hears testimony on Michael Lynn's €3.8m and €4.1m mortgage applications

Building society documents said Michael Lynn had profits of 'approximately €1.25m. He has assets valued at over €45m'

Michael Lynn is facing 21 charges relating to the alleged theft of around €27 million from seven financial institutions, the trial has heard. He denies all charges against him.  Photo: Sam Boal / RollingNews.ie

Building society officials have told a trial they would “absolutely not” have issued a €4.1m loan to former solicitor Michael Lynn if they had been aware there was another mortgage taken out on the property.

A former branch manager and senior underwriter with Irish Nationwide Building Society told Dublin Circuit Criminal Court on Friday that they believed the mortgage taken out by Mr Lynn and his wife Bríd Murphy for Glenlion House in Howth was the sole mortgage on this property.