A loan facility letter dated 12th February, 2008 by Anglo Irish Bank agreed to make loan facilities available to the Defendants as follows:
(i) Loan facility in the amount of €172,241 (Facility A);
(ii) Loan facility in the amount of €731,000 (Facility B).
By way of letters of amendment dated 16th June, 2008, 16th December, 2008, 26th February, 2009, 27th April, 2009, and 5th August, 2009, the loan facility was amended. A final amendment letter of 6th January, 2010, provided that whilst the facilities were repayable on demand, the facilities were to be reviewed on or before 31st July, 2010.
The application before the Court only related to Facility B, as Facility was fully repaid.
Certificates had been signed by the Defendants confirming that they were not consumers for the purpose of the Consumer Credit Act.