The IMF has rowed in on the debate around the Central Bank’s controversial mortgage lending rules.
The IMF says the current cap on a mortgage of 3.5 times income should be replaced by a mechanism that takes into account a borrower’s overall debt.
The strict lending rules were introduced by the Central Bank last year and also mean that borrowers require a bigger deposit.
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team