Friday December 13, 2019

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...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

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

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Mortgage gouging by banks does not serve society well

Matt Cooper | 3 weeks ago