Irish Brokers Association: Change lending rules

The Irish Brokers Association has reiterated its call for a loosening of mortgage loan restrictions, as the Central Bank published research on the way the rules are affecting the mortgage market since they were first introduced in early 2015.

The Central Bank said its research could help inform the public and industry organisations as it prepares a formal review of the loan rules later this year.

The research found that the average loan advanced to first-time buyers under the new rules was €172,872, at an average property price of €234,599.