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With the recession showing no signs of abating, and property prices remaining static, recent trends in the Northern Ireland Courts are now beginning to clearly show an influx of claims by financial institutions who are seeking to recoup lost value arising out of disastrous property transactions
Where a financial institution provides a loan to a person, either secured by a mortgage over property or unsecured, and the borrower subsequently dies, the limitation period set out in Section 9(2) of the Civil Liability Act 1961 may be relevant and should be noted
