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Decision due on 20% deposits

Prospective homeowners will find out in a matter of days whether they'Â’ll need to have a 20% deposi...
TodayFM
TodayFM

3:26 PM - 19 Jan 2015



Decision due on 20% deposits

News

Decision due on 20% deposits

TodayFM
TodayFM

3:26 PM - 19 Jan 2015



Prospective homeowners will find out in a matter of days whether they'Â’ll need to have a 20% deposit, in order to secure a mortgage.

The Central Bank suggested the proposal as a means of keeping rising property prices in check.

But some commentators say it would mean only the wealthy would be able to afford to buy a home.

Governor of the Central Bank Patrick Honohan said a decision would be made shortly, but he would not be drawn on whether the 20% figure would change:

 

 



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