Ian Guider: The mortgage lending rules are frustrating, but so is the alternative

Many home buyers feel aggrieved by the restrictions brought in by the former Central Bank governor six years ago – but the ESRI sees it differently

30th May, 2021
Ian Guider: The mortgage lending rules are frustrating, but so is the alternative
Patrick Honohan drew up the mortgage rules in 2015, to the anger of many homebuyers. Picture: Maura Hickey

Few Irish institutions emerged from the global financial crisis with an enhanced reputation. Certainly, few policymakers did and the Central Bank lost credibility given its failure to intervene as the banking system became reckless.

The appointment of Patrick Honohan as governor in September 2009 helped to restore the regulator’s tarnished image. It was he who called time on the then government’s embarrassing denials that a bailout was imminent in 2010. As such, Honohan’s legacy is...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Related Stories

AIB reports pre-tax profits of €291m for the first half of the year

Banking Lorcan Allen 1 day ago

Mortgage Brain Ireland targets new banking partners

Banking Peter O'Dwyer 2 days ago

Bank of Ireland on ‘path to recovery’ after €465m pre-tax profit in first half of year

Banking Donal MacNamee 2 days ago

BoI freezes work on new instant payments app

Banking Lorcan Allen 5 days ago