How lockdown allowed some couples finally to buy their own homes
by Amy Molloy, Irish Independent
In a year marked with ups and downs, 2020 is ending on a good note for thousands of first-time buyers.
Ireland’s lockdown between March and June afforded some house-hunters an opportunity to save money, plan and prioritise.
With mortgage experts forecasting the first quarter of 2021 to be “the busiest in recent history”, the Irish Independent spoke to first-time buyers who recently got the seal of approval.
Mortgage experts believe there will be a surge in activity next year, driven mainly by first time buyers.
Vaccine confidence and a growth in savings will also be a factor says Joey Sheahan head of credit at MyMortgages.ie. Mr Sheahan said there had been a 106% growth in first time buyers applying for a mortgage in 2020.
Mr Sheahan also predicts lending exemptions will take centre stage from early in the year, with first time buyers in grappling for some sought after exemptions.
8 lenders are now offering exemptions. Apply below to see if you can get an exemption.