Tag Archives: Where In The World?

Pianist Frank McNamara and barrister and former telly person, Theresa Lowe

The High Court, Dublin.

This evening.

In total €2.9m will be written off.

This is made up of €2m off the home mortgage and €900,000 in unsecured debts.

The victory for the couple over a vulture fund will mean the value of their home will be radically written down and they will repay what is left at a tracker mortgage rate of 1pc.

One legal source described it as “an unbelievable deal”.

Stick that in your Steinway.

‘Unbelievable deal’ – Frank McNamara and Theresa Lowe to have €2.9m in debt written off (Charlie Weston, Independent.ie)