DONEGAL COUPLE WHO SAID THEY COULDN’T PAY MORTGAGE SPEND €1,000 A MONTH ON CIGARETTES AND SKY TV

first_imgA HIGH Court judge was furious yesterday with banks for giving mortgages to people without proper checks to see if they would pay.Mr Justice Brian McGovern raised the issue as he granted 12 orders for repossession yesterday. One of those orders involved a couple from Co Donegal who had repaid just €50 off their mortgage since September 2008.The court heard allegations that the Co Donegal couple did have the money to pay – but they were alleged to be spending €90 a month on television channels and €1,000 a month on cigarettes.Mr Justice McGovern said “during the years of the Celtic Tiger, everybody had a dream to own their own home”.However, he added, “lending agencies had a responsibility to ensure people’s capacity to repay” and it was clear some agencies had offered loans “to people who had no capacity ever to repay their debts”.Counsel for Start Mortgages presented details of the Donegal couple’s finances, claiming they were spending €90 a month on television channels and €1,000 a month on cigarettes. Both were now unemployed.Counsel said Start Mortgages had been paid the €50 in November 2010 but it had proven very difficult to contact the couple since.There had, however, been an offer at one stage to pay €200 a month, he said. The monthly loan repayment was €1,015 and the account was now more than €32,000 in arrears. The couple was said to have moved out of the house, which was water damaged.Mr Justice McGovern said having a television and reasonable access to channels was “almost a necessity” but he wondered was it “really necessary” to spend €90 a month. He granted the order for repossession with costs but imposed a stay of six months.DONEGAL COUPLE WHO SAID THEY COULDN’T PAY MORTGAGE SPEND €1,000 A MONTH ON CIGARETTES AND SKY TV was last modified: January 25th, 2011 by gregShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more

Sunderland demanding £30m for Liverpool, Arsenal and Everton target Pickford

first_img1 Jordan Pickford is being targeted by a host of England’s biggest clubs Sunderland boss David Moyes has warned Jordan Pickford’s suitors not to expect a fire-sale price after confirming the club will only consider offers of around £30million.The 23-year-old goalkeeper has enjoyed a stunning season for the relegated Black Cats, also earning a call-up to the senior England squad, and is being eyed by several potential buyers.Everton are reportedly the latest, but Moyes said: “It would need to be a really, really big offer.“I have said all through the season that sometimes on your journey, you may have to sell to improve.“But I have heard some really derisory sort of figures getting mentioned, and it wouldn’t be any of those figures, I can tell you that.”Asked if the Washington-born keeper’s price tag would be in the region of £30million, Moyes replied: “Yes.”last_img read more