Covid-19 pandemic's impact on mortgage seekers highlighted at Tipperary council meeting –

The unforeseen economic difficulties caused by the Covid-19 pandemic over the past year have made it more difficult for Tipperary people to secure Rebuilding Ireland home loans, councillors highlighted at a recent monthly meeting of Carrick-on-Suir Municipal District.
Carrick MD Chairman Cllr Kevin O’Meara highlighted the case of a couple who had been saving towards securing a mortgage but over the past year have had to dig into those savings due to the Covid-19 pandemic’s impact on their household income.
As they hadn’t been able to save over the past 12 months, their application for a Rebuilding Ireland mortgage, was “knocked at the first hurdle”. These mortgages are available through local authorities. The Independent councillor pointed out that this couple had a history of saving and paying rent and often mortgage repayments were lower than rent payments.
He called at the council meeting for exceptions to be made

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