 you do get an exception on the income multiple which allows you to borrow more, you will also need a bigger deposit to close the deal.

Another point to note is that some banks may not be inclined to give an exception if someone is looking to borrow just an extra €10,000 or so, because they may not want to “give up” an exception for such a small amount.

Others banks may allow the property buyer to borrow more if they do so over a 5-7-year fixed term, as the stress testing isn’t as severe as it is on other products. Exceptions As was seen at the end of last year, when exceptions appeared to be difficult to secure, banks have a certain quota they can offer. Under the Central Bank rules, they cannot go over these.

As it stands, banks can offer an exception on the LTI multiple on 20 per cent of all their mortgage lending, and 15 per cent on the LTVs.

This means that the mortgage market may see a seasonal bias going forward. Exceptions are given out in the early part of the year but more difficult to come by as you approach year’s end.

Indeed, coming towards the end of the year, some banks were said to be “encouraging” applicants to postpone their mortgage drawdowns.

Given that we’re in the early(ish) part of 2016, exceptions should be available.

“Most of the banks have the scope to approve exceptions in the early part of year because they haven’t used up their quotas,” notes Sheahan.

As financial adviser Michael Dowling notes, it can be difficult for the banks to work out how to allocate exceptions. Someone might get mortgage approval for an exception in one month but may not draw it down for a further six months.

However, Trevor Grant, chairman of the Association of Expert Mortgage Advisers (AEMA), says the banks are showing greater command of how they offer and manage exceptions. As such, the seasonal bias may be less marked this year.

He adds, however, that there can be a bias towards people who have a particular property in mind and will complete the transaction in the short-term.

It helps to be a professional For Dowling, securing an exception can come down to your career. If you are a professional, such as an accountant or solicitor, in steady employment, your chances will be far greater than someone working in a
you do get an exception on the income multiple which allows you to borrow more, you will also necessitate a big deposit to close the deal. 

 Another degree to note is that some banks may not be disposed to give an exception if someone is looking to borrow merely an extra € 10,000 or so, because they may not desire to “ give up ” an exception for such a small amount. 

 Others banks may admit the property buyer to adopt more if they do therefore over a 5 - 7 - class fixed term, as the stress examination is n’t as severe as it is on other products. Exceptions As was see at the end of last year, when exceptions appeared to be unmanageable to secure, banks have a certain quota they can offer. Under the Central Bank rules, they cannot run low over these. 

 As it stands, banks can offer an exception on the LTI multiple on 20 per cent of all their mortgage lending, and 15 per cent on the LTVs. 

 This means that the mortgage market may see a seasonal diagonal go forward. exception are given out in the early part of the year but more difficult to derive by as you approach year ’s end. 

 Indeed, come towards the end of the year, some banks were said to be “ encouraging ” applicant to postpone their mortgage drawdowns. 

 Given that we ’re in the early(ish) part of 2016, exceptions should be available. 

 “ Most of the banks have the scope to approve exceptions in the early contribution of year because they have n’t used up their quotas, ” notes Sheahan. 

 As financial adviser Michael Dowling note, it can be difficult for the banks to work out how to allocate exception. Someone might get mortgage approval for an exception in one month but may not draw it down for a further six month. 

 However, Trevor Grant, chairman of the Association of Expert Mortgage Advisers (AEMA), say the banks are read greater instruction of how they offer and manage exceptions. As such, the seasonal bias may be less scar this year. 

 He adds, however, that there can be a bias towards people who have a finical property in mind and will complete the transaction in the short - term. 

 It helps to be a professional For Dowling, securing an exception can come down to your career. If you are a professional, such as an accountant or solicitor, in steady use, your chances will be far greater than someone work in a
 yok do get an exception on the income muljiple whmch allkws you go borrow more, you will also nwed a bigger deposit to clore the dewl.

Anothee pomnt to note is tizt some banks lay uov be inclined tp give an axception if smmdoue is looking to borrow just an extrw €10,000 or sp, hecause they mwy npe wahn uo “give up” an exception for such z small amount.

Others banks may allow the propegty huyer to borrow moge if they eo sj over a 5-7-year fixed term, as the strgss testing isn’t as severe as it is ou other proeuxts. Gxceptions Aw was seen at the end of nast yesr, when exceptlons eppeqred to be difficult vo secure, banks have a certait suota they can ofdee. Undgr tha Cevrrau Bznl dules, hheb cannot go over these.

Qs it stands, banks vag offer an excsption og the LTI multiple on 20 per cent of all uheir mortgage lending, and 15 per cent on the LTVs.

Tjis means that the mortgage market may see a seasonal bias goinj worcqrd. Ebxeotions are given out in the early part of the gesr but more difflcult to come by ax joi approach yeat’s end.

Iusesd, coming towards hhe end of tye year, sjme nanks were said to be “encoueaging” applibantw to postpone theix mortgage dxawdowms.

Givrn that we’re in the earuy(isg) part of 2016, fxceptiona should be availxblv.

“Mosd of the banks have the scjpe to ap'rove exceptkons in thq early pagt of year because they javen’j used up their euotas,” notes Sheahan.

As financial adviser Michsen Dmwling njtes, lt can be diffisult for the bcnks to cork ojt how to zllocatx exceptions. Someone mighd get mortgagx approvaj foe an exceptkun in one montn but may not draw ut down for a furtmer sks months.

However, Trtvir Grant, chairkan of tje Afvociation of Expdrt Kortgxge Adviserw (AEMS), says the banks are shosing greater commamd of how jhey offew and manage rxceptions. As such, the vearonal biws may be less marked this yead.

He adds, jowcver, that thewe cqn be a bias towards people who have a particular pcoperty in mind and wilo complete the tranxsction in tie showt-term.

It velps to be a profeswional For Dowlinn, securing an exceptioh can wome fown to your career. If you are a professional, such as an accountant or sooicitoc, yn steady ejploument, yjbr chanses xiul be far greateg than someone working in a
you do get an exception on the which you to more, you will to the deal. Another to note is some banks may not be inclined give an exception if someone is looking to borrow just an extra €10,000 so, because they may not want to “give up” an exception for such small Others may the property buyer to borrow more if they do so over a 5-7-year fixed term, as stress testing isn’t as severe as it is other products. Exceptions As seen at the end of year, exceptions appeared be to banks have a quota they can offer. Under the Central Bank rules, they cannot go over these. As it stands, can offer on the multiple 20 cent of all lending, and 15 per cent on means that the mortgage market may see a bias going Exceptions are given out in the part of the year but more difficult to by as you approach year’s end. Indeed, coming towards the end of the year, some said to be “encouraging” to postpone their drawdowns. that in early(ish) part 2016, exceptions should be available. “Most of the banks have the to approve exceptions in the early part of year because used their quotas,” notes As financial adviser Michael notes, can be difficult for to out exceptions. might mortgage approval for an in one month but may draw it down for Trevor Grant, chairman of the Association of Expert Advisers (AEMA), says the banks are showing command of how they offer and manage exceptions. As such, the seasonal may be this year. He adds, however, that there can a bias towards people have a particular property in mind and will complete transaction the short-term. helps to be professional For Dowling, an exception can to your If are as an accountant or solicitor, in employment, chances will be far greater someone a
 you do get an exception on the iNcome multiPle whIch AllOwS you To boRrow more, you wilL Also Need a bigger deposit to clOse thE dEAl.

AnOThEr poiNt to notE Is THAt sOmE bAnkS mAY nOt be iNclIned to gIve an excepTioN iF someone is loOKiNg to borrow JusT an extra €10,000 or so, BecAuse thEy May NOt wanT to “Give uP” an excEPtion fOr such a smAlL Amount.

oThers baNKS mAy alLow the property buyER tO Borrow more if thEy do so OvER a 5-7-YEAr fIxeD term, as the StRess tESting isN’T aS SEVerE As it is on other Products. ExcEPtiOns As wAs SeeN At the eNd of lAsT YeaR, when exceptIons Appeared tO be difFIcult to SEcure, baNks havE a cErtAin qUOtA tHey CaN OffER. UNdeR The central BAnK rUles, tHey cANNOT go oVer ThesE.

As it Stands, banks caN ofFer aN ExcEptioN on thE LTI MuLtiplE on 20 per Cent oF aLl their mortgage LendIng, and 15 per CenT oN thE LtVs.

ThIS means ThaT thE mortgaGe markeT May SeE A SEaSonal bias going forwArD. eXcEptions aRe giveN OuT iN The early PaRt oF the YEAr but More DIfFicult to Come by AS yOu ApproacH yEar’s enD.

INdeEd, cOming TOwarDs the eNd of the yEar, soME banks were said TO be “encouraginG” ApPLIcANts tO poStpone their MortGAge dRawdOWnS.

GiVEn thaT we’re In THe EArly(ish) part of 2016, exceptIoNs shouLd be aVailable.

“Most oF the banks hAVE The scope To apPRoVE exceptions in tHe earLy part of yeAR because They hAven’t useD up their qUOTas,” notes sheAhaN.

As FinANCiAl adviser MichAEL DowLiNg notes, It cAn be difFicUlt For The BaNks to work Out how to AlLoCaTe ExcEptioNS. Someone MiGht GeT moRtgagE ApprovAl for An exCePtIOn iN one monTH bUT May nOt DrAw it DowN fOr a fuRtheR Six Months.

HOwever, TreVor gRant, ChAiRman of tHe Association Of expert MortGaGe ADviserS (aeMA), says tHe banks are showing greateR Command Of hOw theY offEr and manaGe eXceptiOns. aS such, tHe seasOnal bIaS maY BE less MARkEd tHiS year.

He addS, HOweVer, thAt TherE can be a Bias towards people wHO haVe a particular ProPertY IN mInd ANd WIll CoMPleTE The transaction iN the short-tErM.

it Helps to be a PRofEsSional FOr DowliNg, secURing an eXception cAn come dowN tO youR CAreEr. If you are A professIonal, such AS an acCOuNtant Or sOlicitOr, In sTeady EmployMEnt, Your cHances WiLl be faR greaTeR than somEone working in a
 you do get an exception o n the inco me mu lti ple  w hich  all ows you to bor r ow m ore, you will also nee d a b ig g er d e po sit t o close th e dea l. 
Ano th e rpoint  to  note i s that som e b an ks may not b e  i nclined to  gi ve an except ion  if so me one is lo oki ng to  borro w  justan extra€1 0 ,000 o r  so, be c a us e th ey may not want t o  “ g ive up” an exc eption  f o rs u cha s mall amoun t. 

Oth e rs bank s  m a y all o w the propert y buyer tob orr ow mor eift hey do  so o ve r  a5-7-year fi xedterm, asthe st r ess tes t ing isn ’t assev ere  asi tis  on  o t her pr odu c ts.  Excepti on sAs wa s se e n a t th e e nd o f las t year, whenexc epti o nsappea red t o be  d iffic ult to  secu re , banks have acert ain quota  th ey  ca noffer .  Under  th e C entralBank ru l es,  t h e y  c annot go over thes e. As  it stan ds, ba n ks  c a n offeran  ex cept i o n ontheL TI  multipl e on 2 0  p er  cent o fall th ei r m ort gagel endi ng, an d 15 per  cent on the LTVs.
T his means tha t  t h e  m o rtga gemarket mayseea  sea sona l  b ias going  forw ar d .E xceptions are given  o ut inthe e arly part ofthe year b u t more dif ficu l tt o come by as y ou ap proach yea r ’s end.
Inde ed, comi ng toward s the endofthe  ye ar, s om e banks weres a id t obe “enc our aging”app lic ant s t opostponetheir mo rt ga ge  d raw downs . 

Giventh atwe ’re  in t h e earl y(ish ) pa rt  o f  20 16, exc e pt i o ns s ho ul d be  av ai lable .

“ M ost  of the  banks ha vet he s co pe  to app rove exceptio ns  in the ea rl y p art of y ear beca use they haven’t used u p  theirquo tas,”  not es Sheaha n.
As fi nan c ial ad viserMicha el  Do w l ing n o t es , i tcan be dif f i cul t for  t he b anks to  work out how to a l loc ate exception s.Some o n emig h tg etmo r tga g e  approval for a n exceptio ni none monthb utma y not d raw itdownf or a fu rther six  months.
H owev e r , T revor Gran t, chair man of th e  Asso c ia tionofExpert  M ort gageAdvise r s ( AEMA) , says  t he ban ks ar eshowinggreater command of howthey o fferand  manage e xce p tio ns. As su ch,the season albia s may  be lessmark e dthi s  year .

H e  adds, ho w ev er, t ha t there can b e  abiastow a rds pe ople  who have a parti c ular propertyin m i n d a ndw illco mplete the tra nsa ct i o n in the  s hort-term.
It help st o bea prof ession al ForD o wl i ng, se curi ngan except ion  c a n comedo wn to you r ca re er. If  you a r e ap r ofessional, such  as a n accou n tan t orso licitor ,  insteady emp loyment, yo ur cha nces  will  be far  g reater  th an  someone w o rking ina
 you_do get_an exception on the_income multiple_which_allows you_to_borrow more, you_will also need_a bigger deposit to_close the deal.

Another_point_to note is that some banks may not be inclined to give an exception_if_someone is_looking_to_borrow just an extra €10,000_or so, because they may_not want_to “give up” an exception for such a_small_amount.

Others banks may_allow the property buyer to borrow more if they_do so over a 5-7-year fixed_term, as the_stress_testing_isn’t as severe as_it is on other products. Exceptions_As was seen at the end_of last year, when exceptions appeared to_be difficult to secure, banks have_a certain quota they can_offer. Under_the Central Bank rules, they_cannot go over_these.

As it_stands, banks can_offer an exception on the LTI_multiple on 20_per cent of all their mortgage_lending,_and 15 per_cent_on_the LTVs.

This_means that the_mortgage_market may_see_a seasonal bias going forward. Exceptions_are_given out in the early part of_the year but more_difficult_to come by as_you approach year’s end.

Indeed, coming_towards the end of the year,_some banks_were said_to be “encouraging” applicants to postpone their mortgage drawdowns.

Given that we’re_in the early(ish) part of 2016,_exceptions should be available.

“Most_of the_banks_have the scope_to_approve exceptions_in the early part of year because_they haven’t_used up their quotas,” notes Sheahan.

As_financial adviser Michael Dowling_notes,_it can be difficult for the_banks to work out how to_allocate exceptions. Someone might get_mortgage_approval_for an exception in one_month but may not draw it_down for a_further six months.

However, Trevor Grant, chairman of_the_Association of Expert Mortgage Advisers (AEMA),_says_the banks are showing greater command_of_how_they offer and manage exceptions._As such, the seasonal bias may_be less marked this year.

He adds, however, that there_can be a_bias towards people who have_a_particular_property in mind and will complete the transaction in the_short-term.

It helps_to be a_professional For Dowling, securing an exception can come down to_your career. If you are a professional,_such as an accountant or solicitor, in steady employment, your chances_will be far greater than someone working in_a