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
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.
Themeasures are aimed at preventing another property bubble, but they have been criticised by many in the property sector.
