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Lower cap for first time buyers

The Central Bank is reportedly considering a special loan cap to favour first time buyers, as plans...
TodayFM
TodayFM

7:08 AM - 21 Jan 2015



Lower cap for first time buyer...

News

Lower cap for first time buyers

TodayFM
TodayFM

7:08 AM - 21 Jan 2015



The Central Bank is reportedly considering a special loan cap to favour first time buyers, as plans to limit loans at 80% continue.

The proposal could include a lower loan-to-value limit for those buying their first home.

The Irish Times reports that it's not clear if there would be additional clauses involved or if the Central Bank is even in favour of it.

A decision is due shortly on whether the 20% deposit requirement will be implemented.



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