Couple’s mortgage blocked over Covid-19 wage subsidy

Solicitor Colm Burke has asked the Banking and Payments Federation Ireland (BPFI) to investigate the case

A couple with mortgage approval have been refused their loan drawdown because one of them is now in receipt of the State’s Covid-19 wage subsidy.

Their financial institution told the pair, who both have jobs, that it will review their situation again when the employer can meet the full affected salary without the support of the State.