Tuesday April 7, 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.

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Every time Donald Trump spoke on the Covid-19 crisis last week, the stock markets plunged by another point

Marion McKeone | 3 weeks ago

Big tech firms pledge to pay contract staff through the social-distancing period

Emmet Ryan | 3 weeks ago

Further action may be needed to prevent the Irish economy being sunk, particularly when the global economy remains vulnerable

Ian Guider | 3 weeks ago