Mortgage group issues warning on Central Bank plan to curb lending

Proposed restrictions have been met with dismay from prospective borrowers

30th December, 2014
Patrick Honohan, governor of the Central BankPicture: Maura Hickey

A representative group for mortgage specialists has called for the property market to be allowed to normalise before the Central Bank proceeds with its plans to restrict mortgage lending.

The call comes as a Central Bank consultation on proposals to cap mortgage lending from January draws to a close tomorrow.

The Central Bank’s proposed restrictions mean most borrowers would need a 20 per cent deposit to buy a home next year, with lenders required to...

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