Tuesday July 14, 2020

Michael Brennan: Central Bank’s move surprises politicians

Government and opposition were expecting change - but not this much

Michael Brennan

Political Editor

24th November, 2016
Central Bank warns firms on Brexit. Picture: Rollingnews.ie

Government and opposition TDs were expecting some change - but not this much.

The requirement for first-time buyers to have a 20 per cent deposit for all house purchases over €220,000 has been thrown out unceremoniously. Now all they need is a 10 per cent deposit.

It went far further than the call from both the Department of Finance and Fianna Fáil for a person’s track record of rental payments to be counted towards the amount they...

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