A relative of mine is looking to buy an apartment (as an FTB) but will need an exemption from the Central Bank's 3.5 loan-to-income limit.
Press reports earlier this year suggested that the main lenders had reached their 20% quota of exemptions for 2018 as early as April -
https://www.irishtimes.com/life-and...tions-could-dry-up-as-soon-as-april-1.3432517
Does anybody know if any lenders are giving exemptions from the LTI limit now (October 2018), on condition that the loan is not drawn down until 2019?
I would be very interested to hear of any recent experiences of looking for such exemptions.
Press reports earlier this year suggested that the main lenders had reached their 20% quota of exemptions for 2018 as early as April -
https://www.irishtimes.com/life-and...tions-could-dry-up-as-soon-as-april-1.3432517
Does anybody know if any lenders are giving exemptions from the LTI limit now (October 2018), on condition that the loan is not drawn down until 2019?
I would be very interested to hear of any recent experiences of looking for such exemptions.