What a pair of total wallies.
No doubt they will be down at the Health board, the VdeP and MABS in the near future because they can no longer service their debts. We the taxpayers will end up either rehousing them if they are evicted or paying the interest on their mortgage if they aren't. Great country.
Assuming that they gave the IIB bank the correct information to start with, I hope whoever decided they were creditworthy will be called into their boss's office for a chat.
I would love to see the B/S going to court for a repossession in this case and the judge throwing the case out because the lender acted in a stupid reckless and unreasonable manner in allowing them to keep extending their loans in the first place.
IIB bank would have their credit history and it must be totally obvious to anyone that they were living way beyond their means and it is not a case of if they get into more trouble but when they get into trouble.
The amount paid to the creche also alarmed me. They are paying E800 pm now and this will rise to E1,600 when No 2 arrives. This money is paid out after they have paid tax on it. That is the guts of E20,000 pa out of a take home income of E52,000. One of them should consider taking a few years off work to look after the children as from what I can see they will only be working for the creche. If its the woman she might even consider taking in a child or two herself.
