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Coronavirus

Institute of Professional Auctioneers and Valuers says loan approvals for mortgages should be extended

Rebecca Noonan
Rebecca Noonan

09:23 30 Mar 2020


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The group that represents auctioneers says loan approvals for mortgages should be extended for three months.

A similar measure has been introduced in the UK.

Pat Devitt from the Institute of Professional Auctioneers and Valuers says there are concerns about a potential drop in prices.

He says extending the mortgage offer would give people more time to decide whether to go ahead with buying a home.


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