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Central Bank Publishes Review Of Mortgage Lending Rules

The Central Bank has published a review of its mortgage lending rules, with no major changes introdu...
TodayFM
TodayFM

1:05 PM - 28 Nov 2017



Central Bank Publishes Review...

News

Central Bank Publishes Review Of Mortgage Lending Rules

TodayFM
TodayFM

1:05 PM - 28 Nov 2017



The Central Bank has published a review of its mortgage lending rules, with no major changes introduced.

The controversial restrictions - introduced almost three years ago - were designed to prevent busts and booms in the market.

First time buyers need a 10% deposit and can only borrow three and a half times what they earn - while buy-to-let investors need a 30% deposit

It comes as new figures reveal that almost 500 first time buyers are getting mortgage approval every week, that's an increase of 20% from the same time last year.

Kim Buckley has this report:

Central Bank Publishes Review Of Mortgage Lending Rules

00:00:00 / 00:00:00


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