Friday May 29, 2020

Central Bank: Mortgage lending rules are here to stay

Review will not relax strict lending criteria, warns chief economist

2nd April, 2016
Tough-talking Fagan (centre) Pic: RollingNews.ie

Young families hoping to get on the property ladder have been warned that restrictive mortgage lending rules are "permanent".

While presenting the Central Bank’s quarterly accounts on Friday, chief economist Gabriel Fagan said the bank was working on a review due to be published in November - but insisted it would not lead to their abolition.

Warning that the rules may not even be changed at all or even tightened, Fagan said: "We...

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