Mortgages for life

Mortgages for life
The mortgage industry wants the current stringent rules relaxed

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

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.


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