Concerns over 100 per cent mortgages are set to resurface after a leading bank analyst posing as a first-time buyer on below-average income raised a mortgage loan for €360,000.
Scott Rankin, an analyst at Davy Stockbrokers, said that, while posing as a first-time buyer with a joint income of €60,000, he was offered loans that represented up to six times that figure.
Details of the loan application are included in a 39-page study into booming Irish...
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