Wednesday February 26, 2020

Housing fund chief: mortgage rules should be loosened

Activate Capital chief executive Robert Gallagher said any adjustment should be minor

2nd October, 2016
Robert Gallagher Activate Capital chief executive

The chief executive of a €500 million state-backed housing fund has said that there could be merit in adjusting the Central Bank’s stringent rules on mortgages and examining a help-to-buy scheme for first-time buyers.

Activate Capital chief executive Robert Gallagher said that he supported the loan-to-income and loan-to-value ratios introduced by the bank in 2015, and added that any adjustment should be minor.

“Their initial actions were prudential and sensible. Whether they should be...

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