Applications for mortgage exceptions expected to surge 

Have your paperwork at the ready, expert advises, as mortgage exception applications expected to reach record levels 

Mortgage expert Martina Hennessy, managing director of doddl.ie. Picture: Conor McCabe Photography

Applications for mortgage exceptions are expected to surge to record levels in January as lenders respond to pent-up demand from borrowers, according to a mortgage expert.

They were paused for most of 2020 due to Covid-19 uncertainty, but banks are allowed to issue a certain amount of mortgage exceptions to Central Bank lending rules every year, notes Martina Hennessy, managing director of mortgage platform www.doddl.ie.