Dr Farrell's £800,000 pension fund is being released.

Dr Farrell pays the Irish Permanent £50,000 soon and £100,000 within five years.

Dr Farrell and his wife retain ownership of Grasmere. The Bank of Ireland had a £218,000 charge against the house.

The Irish Permanent takes possession of a £100,000 condominium in Boston from Dr Farrell.