Saturday July 11, 2020

One year on, the mortgage market is still distorted

It is likely that the next couple of months will be a graveyard for activity unless potential buyers meet the criteria

Ian Guider

Markets Editor

25th October, 2015
Outgoing Central Bank governor Patrick Honohan

It is an anniversary many would struggle to remember and few would celebrate, but October marks one year since the Central Bank governor Patrick Honohan floated the idea of tougher income and lending limits for those seeking a mortgage.

The Central Bank survived an intense lobbying campaign, most visibly at political level, but also from banks and consumers, to get his macroprudential rules in place. It is only now, as Honohan prepares to exit the...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures

Tom Maguire | 2 months ago

What’s coming up today and what you might have missed

Hannah O’Brien | 6 months ago