Friday February 21, 2020

Mortgages for life

The Central Bank and lenders need to do more to help first-time buyers

24th January, 2016
The mortgage industry wants the current stringent rules relaxed

While the Central Bank of Ireland scooped the prestigious Central Bank of the Year award last week in recognition of its proactive stance to curb house price growth, many in the mortgage sector are far from happy with what they see as the negative impact of those restriction moves.

Under the new Central Bank rules, first-time buyers need a deposit of 10 per cent up to the first 220k, then 20 per cent on the remainder.


Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team