Central Bank proposes new mortgage restrictions

The Central Bank has proposed new measures to place restrictions on how much banks can lend to home buyers for new house purchases, in an effort to “enhance the resilience” of the banking sector.

7th October, 2014
The Central Bank said the measures would ensure that borrowers and lenders could withstand future shocks to the property market

The Central Bank has proposed new measures to place restrictions on how much banks can lend to home buyers for new house purchases, in an effort to “enhance the resilience” of the banking sector and households to housing market developments.

The bank said it would place restrictions on loan to value (LTV) and loan to income (LTI) ratios which will apply to all lending conducted by regulated firms.

The proposed measures would restrict...

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