Sunday July 12, 2020

Beware the mortgage sledgehammer

Comment: The new Central Bank mortgage rules are a blunt instrument. The market is delicate right now, so let’s try something more subtle.

26th October, 2014

The Central Bank of Ireland has published proposals to restrict the loan to value (LTV) and loan to income (LTI) ratios lenders can apply when lending for house purchase.

These so-called ‘macro-prudential’ proposals will mean that most borrowers will require a 20 per cent deposit to buy a home and will be able to borrow no more than 3.5 times their income.

The measures introduce proportionate limits and specific exemptions which take into consideration that...

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