Wednesday August 12, 2020

Will Central Bank budge on mortgage rules? What the property sector expects

Some want different rules for Dublin market, but others are concerned about any softening

22nd November, 2016

On Wednesday, the Central Bank will announce the outcome of a long-awaited review of the mortgage restrictions it introduced last year.

Current lending rules dictate that first-time buyers must have a 20 per cent deposit if borrowing any more than €220,000, with a minimum deposit of 10 per cent below that threshold.

The loan-to-income limit is 3.5 times gross income. Banks can, however, grant exemptions in a limited number of cases.

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