Friday 15 December 2017

Rector's anger at IBRC's 'aggressive' debt pursuit


A Church of Ireland rector is considering making a complaint to the Central Bank after being pursued "aggressively" by the IBRC for the repayment of €2.1m he borrowed to invest in three Dublin properties in preparation for his retirement, the Sunday Independent has learned.

The IBRC secured a judgement against the Reverend Scott Peoples and Sandra Peoples in November arising from their failure to repay monies borrowed from the former Irish Nationwide Building Society during the boom.

Records held at the Registry of Deeds show how the lender, whose business has since been subsumed along with that of the former Anglo Irish Bank into the IBRC, provided Scott and Sandra Peoples with mortgages on an apartment in Ongar, west Dublin, in 2004, a commercial property in the north Dublin seaside town of Skerries in 2006 and an apartment on Highfield Road in Rathgar in 2007 respectively.

A further charge against the Skerries property was registered by the former Irish Nationwide in 2007, records at the Registry of Deeds show.

Contacted by the Sunday Independent last week, Rev Peoples said he was not in a position to make any comment on the IBRC's judgement against him at this time.

Sources familiar with the rector's case told this newspaper, however, that he has been particularly upset at the manner in which the IBRC has pursued him over the monies he owes.

"The reverend is thinking of making a complaint to the Central Bank over the IBRC's conduct. They have been particularly aggressive in the way they have approached this," an informed source at the reverend's Lucan parish said.

Asked by the Sunday Independent if the IBRC was happy that its officials had at all times behaved appropriately in their pursuit of Rev Peoples for the recovery of the monies he owes, a spokesman for the bank said: "It is the IBRC's policy not to make any comment on its clients."

Quite apart from his difficulties with the IBRC, Rev Peoples is also being pursued by Robert and Jennifer Keogh, of Moyville, Ballyboden Road, Rathfarnham, Dublin 16. The Keoghs registered a judgement for €128,061 against him last September.

Ordained in 1985, Rev Peoples currently serves as rector for Lucan and Leixlip.

Sunday Independent

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