DARRAGH O'BRIEN TD
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News

Implications of Wage Subsidy Scheme on Mortgage Offers must be examined

17/6/2020

 
Fianna Fáil Spokesperson on Housing, Planning and Local Government, Darragh O’Brien, has said that cases where people availing of the temporary wage subsidy scheme now encountering issues drawing down their mortgage funds needs to be examined.
Deputy O’Brien has raised the issue with the Department of Finance by way of parliamentary questions.
 
“I have heard cases of mortgage applicants who received approval prior to the Covid-19 pandemic and are now faced with uncertainty on whether they can draw down their mortgages.  The issue arising is because the applicants are in receipt of the government’s temporary wage subsidy scheme.
 
“There now appears to be implications of people who have availed of the wage subsidy scheme on Mortgage Offers and their ability to draw down funds which must be examined.
“This is an issue many people are facing at present and I will continue to follow up the with Department of Finance so that it engages with mortgage lenders to see if an approach that's fair to mortgage applicants and lenders can be agreed,” concluded Deputy O’Brien.


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Darragh O'Brien TD


Address

Darragh O'Brien TD
Leinster House
Kildare Street
Dublin 2

Telephone

T:  01-6183802

Email

At present, and as a result of the COVID-19 pandemic, I am not holding my regular meetings across our towns and villages in North County Dublin. However, both I and my office are happy to speak to you and assist you with any issues you may have.

For all housing, planning or heritage related queries please don’t hesitate to contact:
Email: minister@housing.gov.ie
Phone: 01-8882000
Postal address: Department of Housing, Local Government and Heritage, Custom House, Dublin 1, D01 W6X0
 
For all constituency related queries please don’t hesitate to contact:
Email: Darragh.obrien@oireachtas.ie
Phone: 01-6183802
Postal address: Dáil Éireann, Leinster House, Kildare Street, Dublin 2.
 



  • HOME
  • About Darragh
  • News
  • Parliamentary Questions
    • Housing, Planning & Local Government PQ's
    • School PQs
    • Foreign Affairs PQS
    • Oral Questions
  • Newsletters
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  • PHOTOS
  • FIANNA FAIL
  • CONTACT
  • DATA Protection Statement