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One in three mortgage brokers warn Covid is putting buyer deposits at risk

Pandemic means house sales could fall through after contracts are signed

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'"Lenders are cautious of income coming from specific employment sectors including tourism, travel, retail and self-employment," said Rachel McGovern, director of financial services at Brokers Ireland.'

'"Lenders are cautious of income coming from specific employment sectors including tourism, travel, retail and self-employment," said Rachel McGovern, director of financial services at Brokers Ireland.'

'"Lenders are cautious of income coming from specific employment sectors including tourism, travel, retail and self-employment," said Rachel McGovern, director of financial services at Brokers Ireland.'

A third of Irish mortgage brokers are aware of cases where mortgage applicants who have signed contracts to buy a new home are at risk of losing their deposit for reasons linked to Covid-19, according to new research.

A survey by Brokers Ireland found that of those who were aware of this possibility, more than 40pc of brokers believed this was extremely common or fairly common.


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