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Borrowers will now be able to...

Coronavirus

Borrowers will now be able to apply for a payment break up to the end of September

Rebecca Noonan
Rebecca Noonan

05:35 18 Jun 2020


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The move was announced by the European Banking Authority.

Up to now, applications for a break were allowed up to the end of June.

The Irish Banking and Payments Federation is welcoming the development.

It says demand for mortgage payment breaks is now just 3% of what it was at the peak of the pandemic.


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