Is your income being supported by EWSS?
It is not always clear if your employer is availing of the EWSS (Employment Wage Subsidy Scheme) subsidy unlike the TWSS (Temporary Wage Subsidy Scheme) last year that was on your payslip, the EWSS isn’t.
Each bank has its own criteria, so it is important to understand what the banks look at when assessing mortgage applications.
A key consideration for banks when assessing applications is the sustainability of income.
Banks will always look at how sustainable your income is in any event. However, since Covid this is even more relevant.
For more information on how banks assess mortgage applications or the EWSS contact our mortgage specialists 01 662 4600