Iris people, crippled by mortgage burdens they will never be personally be able to repay because even bankruptcy does not wise such debt in Ireland
Please Ritchie, wipe the drool off your chin.
Mortgage debt in Eire is recourse, just like it is here in the UK. So even if you give the house back you still owe the money.
But of course such debts are wiped out in bankruptcy.
Really, don’t be absurd: and yes, this is something an accountant should know.