Tuesday January 21, 2020

Younger, single borrowers get more mortgage exemptions

Data shows lone applicants granted more leeway

25th September, 2016
Central Bank of Ireland deputy governor Sharon Donnery Pic: RollingNews.ie

Younger, lower income borrowers are more likely to be granted an exemption to the Central Bank’s strict loan-to-income mortgage rules.

Data collected by the Central Bank as part of its ongoing review of its strict mortgage regulations also showed that single borrowers made up a higher than average share of those granted exemptions, according to Central Bank of Ireland deputy governor Sharon Donnery.

The first review by the bank of the mortgage regulations...

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