A DUBLIN couple have agreed to hand their €2 million luxury family home in Malahide, Co Dublin, back to Bank of Scotland (Ireland) Ltd.
The decision of Dr Samuel van Eeden and Zelda van Eeden was announced in the County Sheriff’s Court only a few months after they had handed back a €1.6 million investment property to AIB Mortgage Bank.
Barrister Anne Lawlor told county sheriff Susan Ryan that in December 2007, the van Eedens borrowed €1,995,000 from Bank of Scotland (Ireland) to buy their home at Knockdara, Seamount Road, Malahide. She said mortgage arrears now stood at more than €250,000. Repayments had risen from €6,500 a month in 2007 to €9,300 and they were 27 months in arrears.
Ms Lawlor said the van Eedens, with an outstanding balance of €2,082,000 on the mortgage, had consented to the bank being granted an order for possession of their home.
Ms Ryan said she would put a stay of four months on the order for possession and granted the van Eedens’ solicitor, Jeremy Doyle, liberty to apply to the court.
Dr van Eeden is medical director of the Malahide Medical Centre and Arte Novi Clinic, which provides medical surgical and non-invasive cosmetic services at Church Road, Malahide.
On March 23rd, the van Eedens consented to a possession order being granted to AIB Mortgage Bank against a €1.6 million investment property at Seamount Heights, Malahide, which is close to their home and which they had bought at the peak of the property boom.
Ms Ryan was told on that date that AIB Mortgage Bank in February 2007 had advanced the van Eedens €1,650,000 which was to have been repaid by progressively increasing monthly instalments ranging from €5,500 to just under €11,000.