Potential home buyers could press pause

With the Central Bank working on a review of its strict mortgage lending rules, some borrowers are holding off on their mortgage applications

24th April, 2016
Figures published by property website MyHome.ie last week showed that some 51 per cent of people surveyed said that the Central Bank’s planned review of its lending rules would make them consider holding off on a property purchase.

The mortgage market is still trying to get to grips with strict lending rules introduced just over a year ago.

And now, with the Central Bank working on a review of the rules, there’s a fear that some borrowers may press pause on their mortgage applications – further slowing an already languid market.

Early last year, before the rules kicked in, first-time buyers rushed to get into the market ahead of the lending...

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