Those who took out jumbo mortgages during Celtic Tiger era at risk of repossession

Some of those who took out jumbo mortgages during the Celtic Tiger era are at risk of repossession.

At the time houses were overpriced and people on very high salaries were sometimes allowed borrow up to 7 times their income.

This has led many to fall into financial difficulty now, as they head towards retirement, especially with the recent European Central Bank rate hikes.