Auctioneer Group Wants Loan Approvals For Mortgages Extended

Castlepollard's Pat Devitt, CEO of Institute of Professional Auctioneers and Valuers is making the call.

The group that represents auctioneers says loan approvals for mortgages should be extended for three months.

A similar measure has been introduced in the UK.

Castlepollard's Pat Devitt from the Institute of Professional Auctioneers and Valuers says there are concerns about a potential drop in prices.

He says extending the mortgage offer would give people more time to decide whether to go ahead with buying a home:

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