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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