Business

Furloughed workers can still apply for mortgages - Bank of Ireland

Mortgage file with calculator, pen, coins and glass jar.
Mortgage file with calculator, pen, coins and glass jar. Mortgage file with calculator, pen, coins and glass jar.

BANK of Ireland has said that furloughed workers can still apply for a mortgage.

The lender has said it is accepting applications from customers who are currently, or expect to be, furloughed.

Applicants will be expected to supply the bank with information about the terms of the furlough.

The lender has also announced more flexibility for home movers impacted by coronavirus.

Bank of Ireland said it will give customers who have exchanged contracts the option to extend their mortgage offer for up to three months, if it is in the customer’s best interest, enabling them to move at a later date.

The lender’s head of consumer banking in the north, William Thompson, said: "We are committed to supporting our mortgage customers during these unprecedented times.

“The safety and welfare of our colleagues and customers and the continuity of our services remains our top priority.

“We’d encourage all customers to keep visiting our Bank of Ireland UK Covid-19 Customer Hub to keep up to date with the latest information and full range of supports we have put in place to support our personal and business customers.”