Tuesday February 25, 2020

Trickle of bank customers avail of flood-related flexibility on loans

Banks expect demand to increase once full extent of damage is known

31st January, 2016
Parts of Ireland were badly hit by floods earlier this year Picture:Rollingnews

Only a handful of mortgage customers affected by recent flooding around the country have approached lenders seeking flexibility with their mortgage repayments.

Last month, a number of banks indicated that they would be flexible with mortgage customers affected by flooding.

However, only a small number of customers are understood to have availed of the lenders’ offers.

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