Burton says Central Bank mortgage cap proposals too strict

31st December, 2014

The Tánaiste Joan Burton has questioned the Central Bank’s requirement that house buyers pay a 20 per cent deposit to get a mortgage, saying a minimum 10 per cent deposit would be appropriate for some borrowers.

“I think that the formula needs to be a lot more agile to take account of the reality of life in Ireland. By that, a deposit is necessary, I would say 10 per cent is the minimum,”...

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