Birthday blues: jury out on success of new mortgage rules

Birthday blues: jury out on success of new mortgage rules
Above all else, experts feel that a new political approach to housing is required

One year on from rules to prevent another bubble, a review is in the pipleline

Fifteen months ago, the Central Bank unveiled proposals for a radical overhaul of the mortgage market.

Its plan to tighten up lending rules, in a bid to take the heat out of the property market and prevent another damaging bubble, met with strong reactions from lenders, politicians, brokers and buyers alike.

Some saw the rules as prudent, other thought they’d cause more problems than they’d solve — not least killing off the nascent recovery in...

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