Oireachtas Joint and Select Committees

Tuesday, 7 July 2020

Special Committee on Covid-19 Response

Impact of Covid-19: Overall Fiscal and Monetary Position

Photo of Michael CollinsMichael Collins (Cork South West, Independent) | Oireachtas source

I thank our guests. Many younger people in this country are struggling. I refer, in particular, to couples who had deposits down on their first homes but, because they are on the temporary wage scheme, are being told their mortgage applications will have to be reapplied for. These are people who have worked through the pandemic. Their employers received help from the Government but, because they are on the temporary wage scheme according to their payslips, their mortgage applications are no longer deemed fit. Can Mr. Makhlouf see any way forward for these people without this pressure being put on them by the banks at this time?

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