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Banks Should Place Less Emphasis On Ability To Save For Mortgage Evaluation

Clement Herron says high rental costs are leaving people unable to save.

Banks should be taking a person's history of making rent into consideration during mortgage applications.

That's the view of Portlaoise-based auctioneer Clement Herron, who says large number of people are paying their rent on time, but the high prices mean they're unable to save for a mortgage.

The latest data from daft.ie shows the average rent in Westmeath, Laois and Offaly is over €1,000 per month.

Mr. Herron says changes need to be made:

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