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Mortgage Lending Limits To Remain Unchanged After Central Bank Review

The Central Bank has left Ireland's mortgage borrowing limits unchanged after a review. The rules li...
Niall Colbert
Niall Colbert

2:09 PM - 4 Dec 2019



Mortgage Lending Limits To Rem...

News

Mortgage Lending Limits To Remain Unchanged After Central Bank Review

Niall Colbert
Niall Colbert

2:09 PM - 4 Dec 2019



The Central Bank has left Ireland's mortgage borrowing limits unchanged after a review.

The rules limit the amount most people can borrow to three and a half times their income.

They're designed to stop unsustainable lending and borrowing.

Concerns had been raised that the current lending limits are depressing supply.

However, the Centra; Bank said house prices could be as much as 25% higher without the limits.

 



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Central Bank Mortgage Rules

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