VIDEO: Central Bank chief explains mortgage rules stance
Regulator loosens deposit rules for first-time buyers
The Central Bank has announced some changes to its mortgage restrictions following a long-awaited review.
The measures, introduced last year, are aimed at preventing another property bubble.
Under the current lending rules, 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. Today, the bank lowered the minimum deposit for all first-time buyers to 10 per cent, ...