Strong support for Central Bank lending rules to be changed, Red C poll shows

Eighty-five per cent of those polled want to reduce the size of deposits for first-time buyers if they can prove they can meet the monthly repayments

The Central Bank’s lending rules have been credited with restricting the rise in house prices at a time of very limited supply

The public are demanding changes to Central Bank lending rules for first-time buyers, better tax treatment for small landlords, and the introduction of a vacant home tax, according to the latest Business Post/Red C poll.

The poll findings show the desire for radical action to tackle the housing crisis at a time of rising rents and increasing house prices, and a shortage of accommodation.

The Central Bank lending rules, introduced by Patrick Honohan, the former ...