A County Clare woman has lost her High Court case to prevent repossession of her pub and home.
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Lawyers for the woman were seeking to reduce the 20 percent interest rate on a mortgage she took out with a sub prime lender to clear debts and pay her former husband as part of a separation agreement
The loan was secured on her rural pub which is also her home.
However, The High Court ruled that the woman hadn’t demonstrated while it should make an order preventing repossession by the lender of the Clare premisses and added that any regulation of interest rates charged by lenders was an Oireachtas matter.
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