Central Bank to reveal review of mortgage lending rules

Central Bank to reveal review of mortgage lending rules

The Central Bank is unlikely to make any changes to its mortgage lending rules when it reveals a review later today.

They determine how much banks can lend and the size of a deposit needed.

Currently first time buyers need a 10% deposit and can only borrow three-and-a-half times what they earn.

It comes as latest figures reveal house prices are rising by an average 13% across the country.

The Central Bank Governor Phillip Lane has previously indicated he's unlikely to change the rules.

Central Bank to reveal review of mortgage lending rules


More in this Section

Air Corps helicopter assists fire crews fighting blaze in Burren National ParkAir Corps helicopter assists fire crews fighting blaze in Burren National Park

Varadkar, Martin and Ryan to try and overcome major obstacles encountered in talksVaradkar, Martin and Ryan to try and overcome major obstacles encountered in talks

Call for child poverty and education to be focus of new governmentCall for child poverty and education to be focus of new government

Gardaí appeal to parents not to leave children in cars while shoppingGardaí appeal to parents not to leave children in cars while shopping


Lifestyle

Lockdown stories and Marilyn Monroe's final film feature among today's top tips.Monday TV Highlights: Lockdown stories and Marilyn Monroe's final film

Eve Kelliher speaks to Lucy Kennedy about her days in school and the pressures on parents to keep their children healthy.Lucy Kennedy: 'I was a female Dennis the Menace'

Fearless is a slick new documentary airing next Monday on RTÉ 1 which follows Cork native and editor-in-chief of US Glamour, Samantha Barry, in the run up to the 29th Glamour Women of the Year Awards. Ruth O’Connor speaks to Barry about her editorship of one of Condé Nast's most important media outlets.The fearless Samantha Barry: From Ballincollig in Cork to editor of Glamour

More From The Irish Examiner