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Central Bank To Publish Review Of New Mortgage Rules

The Central Bank is due to publish a review of its mortgage lending rules later today. Regulations a...
TodayFM
TodayFM

6:15 AM - 23 Nov 2016



Central Bank To Publish Review...

News

Central Bank To Publish Review Of New Mortgage Rules

TodayFM
TodayFM

6:15 AM - 23 Nov 2016



The Central Bank is due to publish a review of its mortgage lending rules later today.

Regulations around how much banks can lend in relation to people's income, and deposit levels were brought in at the beginning of last year.

In the cases for first time buyers, mortgages of up to 80 percent can only be taken out on properties worth over 220-thousand euro.

Sinn Fein's Spokesperson on Housing Eoin O'Broin (PRON: O-Brin), says the Government needs to work to lower the cost of housing:

 



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