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Listen: Supply Of New Homes May Slow, If People On Wage Subsidy Denied Mortgages.

: 07/07/2020 - 10:56

The supply of new homes is likely to slow down if people on the Covid-19 wage subsidy scheme are stopped or delayed getting mortgages.

Last week it emerged some banks had introduced tougher lending guidelines for people in receipt of the subsidy.

Pat Davitt, Chief Executive of the Institute of Professional Auctioneers and Valuers, says he's not in favour of reckless lending but tighter rules could affect supply.

newstalk1044281.mp3, by Ciara Plunkett

Stock image: Shutterstock

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