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ECB supports tighter mortgage controls

A senior advisor at the E-C-B says the bank would support proposals to make it harder to get a mortg...
TodayFM
TodayFM

10:44 AM - 19 Jan 2015



ECB supports tighter mortgage...

News

ECB supports tighter mortgage controls

TodayFM
TodayFM

10:44 AM - 19 Jan 2015



A senior advisor at the E-C-B says the bank would support proposals to make it harder to get a mortgage.

John Fell says the proposals from the Central Bank will help to stop another property bubble.

Politicians here at home have criticised the plans, which would force most buyers to save a 20-per-cent deposit before they could buy.

But John Fell - who helped to run the E-C-B's stress tests - says similar schemes have worked well in other countries:



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