You reap what you sow. Last November, the Central Bank changed the mortgage deposit rules, making it easier for first-time buyers to secure bigger loans. The move was something of a surprise, as the prudential rules were achieving their main aim – to prevent property market shocks.
After all, unfettered access to credit via a loan-to-value ratio that was much too high was the true cause of the housing bubble between 2002 and 2007. However,...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team