Central Bank board member’s ‘reservations’ over easing of mortgage rules

Meeting minutes reveal concern over house prices and risks of changing rules

The governor of Central Bank Philip Lane

A member of the Central Bank’s board has expressed reservations about the controversial changes recently made to its mortgage lending rules.

The minutes of the Central Bank’s meeting to approve the changes show that some members raised the issue of house prices and risks the changes to the rules could have.

Last month, the bank announced that it was changing the so-called macroprudential rules, so that all first-time buyers would only need a ...