PJ1977

Hefty director bans for a couple of small fry http://www.northernireland.gov.uk/index/media-centre/news-departments/news-deti/news-deti-040313-claudy-directors-disqualified.htm

Utterly misconceived. The policy debate in the Republic is around arrears, not negative equity.

A hodge podge of guff. 147 Bryansburn Rd, Bangor 152/154 Larne Rd, Carrick 16/16A Crawfordsburn Rd, Bangor 23 Bartley Wood, Ballywalter 67 Rubane Rd, Kircubbin 31- 33 Main St, Groomsport Ball is now in Nama's court

BoSI loses patience with MAR http://www.bbc.co.uk/news/uk-northern-ireland-21630630 This is the retail development in Bangor http://www.propertynews.com/Property/Bangor/PNC575329/79-83-Main-Street-2-20-Castle-Street/

From memory they had something on Sandown Rd in east Belfast and something at Uprichard Crescent in Bangor. The Ards one is I think a site they wanted up open up on North Rd for 100+ houses but which was refused pp

As predicted Ulster Bank have taken out practically everything else they had - 14 receivership jobs in the last couple of weeks: Ards, Bangor, Belfast, Enniskillen.

Jim Fitz looks at the mortgage numbers: http://www.bbc.co.uk/news/uk-northern-ireland-21588939

DTZ have finally let some of the commercial space below. A Co-Op will be opening soon.

Nama take out a doomed-from-the-start Jennings shopping centre http://www.bbc.co.uk/news/uk-northern-ireland-21548303

Irish Times had a somewhat less gushing piece at the weekend: http://www.irishtimes.com/newspaper/property/2013/0214/1224330004399.html

Larry Elliott suggests that this was mainly a surprise to blinkered morons. http://m.guardian.co.uk/business/economics-blog/2013/feb/15/city-wrong-uk-retail-sales

Ulster are rolling up John Curran http://www.bbc.co.uk/news/world-europe-21378647 http://www.tyronecourier.uk.com/articles/news/32044/property-firms-placed-into-administration/ Total exposure looks like £70m +

Judgement http://www.courtsni.gov.uk/en-GB/Judicial%20Decisions/PublishedByYear/Documents/2013/%5b2013%5d%20NICA%202/j_j_MOR8709Final.htm

Levered up his home and his business to mental bankers who were running out of people to lend to.

'Property investor' = shopkeeper of modest means who took the BTL plunge at entirely the wrong time and now has epic buyer's regret. http://www.newsletter.co.uk/news/headlines/investor-fails-in-court-challenge-over-bank-lending-complaint-1-4752675

The Momentum Mortgages ward loses another patient: http://www.bbc.co.uk/news/uk-northern-ireland-21296949 John Curran is a horsey type with plenty of other property interests to which considerably more debt is attached.

Not sure but it would probably make sense to use existing agents - mainly Ballymena, N Antrim so I imagine its McAfees.

He should try to claim it on his lawyer son's professional indemnity cover.

It would have taken the most immense balls for a newly appointed wonk in a sub-office of a sub-office to tell his bosses, who by this stage were demi-gods in their own minds, 'I've crunched the numbers and the strategy you've being pursuing is about to blow up and destroy the bank. Any questions?' Look at Merrill Lynch where they basically demoted all the risk managers for asking the mildest questions of the derivatives trading operations.

Northern Ireland 'GDP' http://www.bbc.co.uk/news/uk-northern-ireland-21275948 'The economic downturn in Northern Ireland was deeper and more prolonged than the rest of the UK, according to a new series of economic data released. 'Since 2007, when economic activity was at a peak, the economy has shrunk by more than 10%.'

Also selling one of their enormous piles on the Mountsandle Road

The Kennedys are in the High Court list tomorrow for a director's disqualification over the collapse of the contracting business. If that happens I wonder what becomes of the (Namafied) investment property business?

Report on one of the Patton auctions: http://www.bbc.co.uk/news/uk-northern-ireland-21261487 Their shopping centre in Larne is also on with a whopping 14% yield http://www.osborneking.com/siteFiles/resources/docs/properties/MurrayfieldSC.pdf

Gosford Castle was supposed to be marketed as luxurious getaways, handy for Belfast or Dublin. Here's an example of who bought one: http://www.northernireland.gov.uk/index/media-centre/news-departments/news-deti/news-deti-february-archive-2011/news-deti-090211-armagh-director-agrees.htm

This could get interesting...in essence they're going to have to reveal exactly what their policy is on the outstanding BoSI loans. I wonder if the bank will see the prospect of a former senior lender testifying against them as just too embarrassing and so settle sooner rather than later?