Brokers call for Central Bank mortgage rules to be relaxed

Regulations discriminate against city dwellers, group says

4th September, 2016
The central bank have imposed strict mortgage lending rules

Brokers are calling for a substantial shift in the Central Bank’s strict mortgage lending rules, including allowing people who want to borrow up to €324,000 to put down just a 10 per cent deposit, rather than 20 per cent.

Current lending rules dictate that first-time buyers must have a 20 per cent deposit if borrowing any more than €220,000, with a minimum deposit of 10 per cent below that threshold.

Also, buyers can not borrow more than...

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