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Construction Industry Federation Welcomes New Mortgage Rules

The Head of the Construction Industry Federation has welcomed new mortgage lending rules. Tom Parlon...
TodayFM
TodayFM

7:50 AM - 24 Nov 2016



Construction Industry Federati...

News

Construction Industry Federation Welcomes New Mortgage Rules

TodayFM
TodayFM

7:50 AM - 24 Nov 2016



The Head of the Construction Industry Federation has welcomed new mortgage lending rules.

Tom Parlon says making it easier to get a mortgage 'kills two birds with one stone', helping those in both the rental and retail markets.

Yesterday the Central Bank halved the deposit required by first-time buyers to just 10 percent.

Mr Parlon says increasing the number of buyers provides an incentive for construction:

 



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