Two-tier market to spark higher mortgage rates
Borrowers could soon face a two-tier mortgage market thanks to the Financial Regulator’s plan to impose extra requirements on loans for more than 80 per cent of a home’s value, according to senior banking sources.
Borrowers could soon face a two-tier mortgage market thanks to the Financial Regulator’s plan to impose extra requirements on loans for more than 80 per cent of a home’s value, according to senior banking sources.
Lenders said last week that the requirement for banks to put up more capital to cover higher-risk mortgages was likely to result in a shift away from these mortgages towards those where the key loan-to-value (LTV) ratio...
Subscribe from just €1 for the first month!
What's Included
With any subscription you will have access to
-
Unlimited multi-device access to our iPad, iPhone and Android Apps
-
Unlimited access to our eReader library
-
Exclusive daily insight and opinion seven days a week
-
Create alerts to never miss a subject that matters to you
-
Get access to exclusive offers for subscribers on gifts and experiences
-
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine
Related Stories
The year in review
The best writing and and the biggest stories of 2019 from the Business Post
Newsround: What Thursday’s papers say
Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals
More cycle routes, expansion of Luas to Bray and new bus network proposed
Greater Dublin Area draft Transport Strategy published
