A couple earning €76,000 a year which qualified for a mortgage of €430,000 last week would only qualify for a mortgage of €327,462 early next year, if rates continue to rise as expected.
Interest rates are expected to reach 3.5 per cent next year, which would make it even more difficult for first-time buyers to purchase homes, particularly in Dublin.
The Financial Regulator said this weekend it would still insist that lenders apply the same strict...
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