Jury still out on new rules
Too early to say – that’s the verdict of lenders and mortgage brokers on the onerous mortgage rules which came into force earlier this year
Since mid-February, new Central Bank rules are in place in the mortgage market, making it harder to secure mortgage approval. The full impact of these new rules has yet to be felt, say lenders and mortgage brokers.
They say it’s early days, and also point to the cohort of borrowers who were granted mortgage approval prior to the introduction of the new rules and played a big part in the mortgage market in ...
