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.


Related Articles

Switch could save 27,000 mortgage holders €10k

PCP car deals seem dangerously risky

Ireland walking blindfolded into a massive social crisis as 'tsunami of repossessions' beckons

Permanent TSB annonuces mortgage rate reductions

More in this Section

Labour Party criticises plan to sell off depot sites

No winner of tonight's Lotto jackpot

Medical incident blamed as cyclist found dead in Co Clare ditch

Cork Airport's main runway closed after 'hard landing'


Today's Stories

Applied maths adds up for students as Leaving Cert exams finish

Ireland joins group to negotiate drug prices

Family told mobile home had to go

Up to 40 caravans ordered to leave retail park

Lifestyle

New father’s life ‘changed forever’ after he was run over by surgeon

More From The Irish Examiner