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Some may disagree with you there. The bank asked the borrower for proof - P60, payslips etc- that she had the earnings to repay the mortgage not just for the first year but long into the future. Originally I asked Should the bank have had a duty of care to behave honestly to its customers? If...

A very bad one, considering it was interest only and variable rate, with no indication of what the full monthly repayments would be when the interest only period was over. And one she would not have got if the banker behaved honestly.

No mention of overtime in the loan report, and the nurse could not have done over €60k worth of overtime. She submitted her P60 and payslips.

I said it was not Kinsale, she could not afford Kinsale, so what makes you think she bought a house with a sea view in one of the most expensive areas in Ireland? Incidentally I would have thought some of the most expensive areas in Ireland were Dalkey, Howth, Monkstown etc, which are very...

The loan was obtained for the borrower by falsifying the loan report. That was unknown to the borrower, who never saw the loan report until many years later. Under the definition that a crime or offence (or criminal offence) is an act harmful not only to some individual but also to a community...

It is the bank who will not explain what happened - why their banker added over 60k on the loan report, the loan valuation etc. I said it was not Kinsale. The borrower could not have afforded a nice house in Kinsale. I was pointing out the reason why some houses in Ireland are worth more than...

You could say the same about a homeless person in the scenario where they went in to a BMW garage and asked for a loan for a €100,000 car. They "clearly had a figure that they wanted, they were not given it initially and went somewhere else to get it.". That does not excuse a Mercedes banker...

By the way Sarenco, would you care to answer the question asked previously "if someone falsified the loan report by adding over 60k to the borrowers salary, so they could borrow the money, would you consider that a criminal act?"

She did not actually. Do your sums again. And do not forget that a detached house with a sea view in say Kinsale for example (not that it is in Kinsale) is worth a lot more than a terraced house in some other villages or towns in Ireland. If a patient of the nurse "wanted" certain medication...

If a homeless person walks in to a BMW garage and asks for a loan for a €100,000 car, and the garage rightly refuses him, that does not say a Mercedes garage should be excused from given the person a loan for a €100,000 car by falsifying his income by over €60,000 per year, and changing the spec...

The borrower was asked to pay for a valuation by a particular valuer, and had no choice in the valuer. She was entitled to a copy of the valuation at the time of the mortgage, not many years later. The bank failed in its duty there (s125). When even basic facts are incorrect in the valuation...

Incorrect. Originally I asked Should the bank have had a duty of care to behave honestly to its customers? Big difference. ;) Would you care to answer the question ""if someone falsified the loan report by adding over 60k to the borrowers salary, so they could borrow the money, would you...

It has everything to do with the lender though. In the scenario we discussed, the employee of the business has a responsibility to that business and to the shareholders of that business not to lend the money. If every homeless person who went in to a Mercedes dealership and asked could he buy a...

And over the 20 years you worked in the mortgage industry, you must have met hundreds of other people who worked in the industry, and possibly thousands of clients, socially and through work. You never once heard "on the grapevine" or otherwise of someone getting a loan of say 10 or 15 times...

In this case, due to the banker defrauding his superiors about the borrowers true salary, they gave out money which the borrower could never repay. Who could repay a loan 10 or 15 times their income? That does not make the bank a charity, it makes the bank a possible victim of fraud by whoever...

The borrower has gone through hell worrying about financial matters as a result of taking out the loan she should never have applied for or been approved for. She is a caring person, finance is not her area of expertise. She has lost a sizeable deposit, almost €200,000 she paid in generous...

I did not say it was over half a million. I did say her own bank refused her the loan for the 3 bedroom house and would not lend her anything like the amount she would have needed to buy it. The banker defrauded those higher up in the bank,that is the difference. The borrower submitted the...

Then why does it claim, according to their own publicity, to look for"proof that you have the earnings and self-discipline to repay your mortgage not just for the first year but long into the future." As said before they advertise and claim to check the borrower (quote) "will be comfortably able...

It was less than that, but I'd rather not say the exact amount, it is the borrowers business and I do not want to identify her. Because oldish 3 bedroom houses in a nice area was what she was quite happy to settle for, buy, and live in. And oldish 3 bedroom houses were not costing a million in...

It obviously did not do that in this case. Not only that but it looked at her P60 and payslips and added over 60k to her salary on its loan report, unknown to the borrower. That would be like a nurse or doctor altering a patients file, in order for the nurse or doctor to sell them a very...