Central Bank leaves mortgage lending rules unchanged

Controversial measures introduced in 2014 to remain in place as economy faces uncertain period

26th November, 2020
Central Bank leaves mortgage lending rules unchanged
The Central Bank said loosening the rules would lead to additional debt being taken on by borrowers and would weaken the banks if they were hit with losses. Picture: Rollingnews.ie

The Central Bank has left its mortgage lending rules unchanged for the year ahead as it warned that the economy faced an uncertain period because of the Covid-19 pandemic.

The mortgage measures, which require would-be buyers to meet certain deposit and loan-to-income rules, were highly controversial when introduced in 2014. In its latest Financial Stability Review, the Central Bank said it had considered potentially loosening the rules, however this would only lead to additional debt...

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

Aidan Regan: The dethroning of global tax sovereignty — and why it’s a good thing for Ireland

Economics Aidan Regan 3 days ago

Personal grooming spend up seven-fold as social activities reach almost pre-Covid levels

Economics Eva Short 5 days ago

Hope and high stakes: Can the economic recovery plan work?

Aidan Regan: Public debt is not a moral failure, it is an investment in the future

Economics Aidan Regan 1 week ago