Advertisement
Priory Hall Residents Wait For...

News

Priory Hall Residents Wait For Mortgage Write Off

98FM
98FM

07:27 14 Apr 2014


Share this article


Former residents of condemned apartment building Priory Hall are yet to have their mortgages written off.

It comes as the final cost of redeveloping the complex in north Dublin is estimated to be up to 20 million euro.

Last October families left in limbo after moving out of the condemned building were informed that their mortgages would be written off.

However according to their advisor - Michael Dowling of Abacus Finance - says legal issues have meant that the agreement is taking longer than hoped.

Mortgages are now expected to be transferred within weeks.

The time its taken to conduct the deal has not prevented residents from securing new homes.

Meanwhile Dublin City Council has revealed plans to compete the redevelopment of the complex in 10 phases over two years.

 


Share this article


Read more about

News

You might like