Central Bank reveal latest mortgage lending details with no change to lending limits

Central Bank reveal latest mortgage lending details with no change to lending limits

The Central Bank has said it will not change its rules on mortgage lending limits next year.

It follows a review of the residential mortgage measures introduced almost three years ago.

Lending will continue to be limited to three and a half times a person’s income.

However separate ’loan to income’ allowances for first time and second time buyers will be introduced to improve the effectiveness of the measures.

More on this topic

Thousands will lose their homes, warns campaigner David Hall as Ulster Bank announces mortgages saleThousands will lose their homes, warns campaigner David Hall as Ulster Bank announces mortgages sale

Central Bank data shows slight fall in mortgage arrearsCentral Bank data shows slight fall in mortgage arrears

No Consent, No Sale bill 'should be no-brainer'No Consent, No Sale bill 'should be no-brainer'

SF 'No Consent, No Sale' bill could have 'severe unintended consequences', says Central BankSF 'No Consent, No Sale' bill could have 'severe unintended consequences', says Central Bank

More in this Section

Murder accused 'wouldn’t be in current situation' had she not been abused as child, court hearsMurder accused 'wouldn’t be in current situation' had she not been abused as child, court hears

Boy, 17, missing in DublinBoy, 17, missing in Dublin

'Those cows would have been coming to me” - Cork farmer claiming €1.6m in damages"Those cows would have been coming to me” - Cork farmer claiming €1.6m in damages

'We'd prefer to be working' - Ambulance staff begin second day of strike over union recognition'We'd prefer to be working' - Ambulance staff begin second day of strike over union recognition


Lifestyle

Garbage offered a pop twist on grunge’s maximalist angst when they materialised in a dramatic swirl in the mid-Nineties. Like a candy-cane Nirvana, they were bleak and baroque but with tunes you could hum in the dark.Garbage's return to Dublin well worth the wait

Circle back to fashion's hottest retro print, says Annmarie O'Connor.Trend of the Week: Circling back to fashion's hottest retro print

Ever wondered what it would be like to move lock, stock and barrel into a tiny home, like the ones on Netflix’s Tiny House Nation?Are you ready to join the tiny-house movement?

Kya deLongchamps reports back on the performance of her photovoltaic array and wonders if it could handle the addition of an electric carDIY: Get ready for a natural high

More From The Irish Examiner