Oireachtas Joint and Select Committees
Tuesday, 9 June 2020
Special Committee on Covid-19 Response
Reopening the Economy: Supports for Business
Michael Collins (Cork South West, Independent) | Oireachtas source
I thank Ms. Sinnamon. I have another question. Young couples - mainly the employees of businesses - who had secured mortgage approval to buy their first homes have had it withdrawn by their banks because one of them is availing of the temporary wage subsidy scheme. This situation also means that they may not even get their deposits back. Couples are being told that the banks cannot now give them mortgages. Is there anything businesses, as their employers, can do to support these employees, who have worked during the pandemic to help keep them on track, with their mortgage applications.
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