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Central Bank may limit mortgage lending

The Central Bank will outline its plans to calm the property market today. The proposals are expecte...
TodayFM
TodayFM

6:26 AM - 7 Oct 2014



Central Bank may limit mortgag...

News

Central Bank may limit mortgage lending

TodayFM
TodayFM

6:26 AM - 7 Oct 2014



The Central Bank will outline its plans to calm the property market today.

The proposals are expected to limit the amount of money banks can lend for mortgages, including loan-to-value limits, and loan-to-income caps

It comes a day after figures showed a 14 per cent annual jump in asking prices around the country, and a 25 per cent increase in Dublin.

A period of public consultation will take place, and it's thought the new rules will take effect in the new year.



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