Will mortgage proposals kill off lending? Bankers think so
The Central Bank's plan aims to avoid another bubble, but experts say it could add to the panic
The Central Bank proposals to restrict mortgage lending are designed to prevent another devastating property bubble. But will they actually work, or will they simply cause more problems than they aim to solve?
For now, lenders are reluctant to publicly speculate too much on the likely implications of the proposals, with banking industry representatives meeting last week in a bid to prepare a formal response to the Central Bank consultation on the plan.
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