As he prepares to release the Central Bank’s annual review of mortgage lending rules, Gabriel Makhlouf, the regulator’s new governor, knows that he is under political pressure to help first-time buyers.
The pressure began last summer, when Leo Varadkar told the MacGill summer school that he hoped the bank would consider changing the rules which limit people to borrowing a maximum of 3.5 times their salary.
The rules also require first-time buyers...
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