10% exemptions for second time buyers

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PhDuggan

Registered User
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Hi I'm wondering is there any bank at the moment that will give out an exemption for second time buyers. For example 10 % instead of the 20% when buying a house.

Bank of Ireland has said no, so to did PTSB.

KBC said the would have a go and see if they could get it.

Are banks actually allowed to give these types of exemptions out during these times or is KCB just changing it ?

I have the salary to qualify for this type of exemptions. I don't have the 20% deposit at the moment.
 
I believe banks can give them at their discretion. However it may be their policy not to at the moment. I know UB are not, dont know re others
 
Right now, they've effectively stopped offering new exemptions, until they see how things pan out.
It's a problem with how the system works. If only those that have exemptions actually draw down their mortgages, the banks will all end up in breach of their limits for the year.
 
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