Call for a ban on 'super mortgages'

There is a call for the Central Bank to ban "super mortgages".

Financial experts are warning of the return of long-term homeloans of up to 35 years.

They were popular during the boom and are now seeing a resurgence in urban areas due to rising house prices.

Personal Finance Editor with the Irish Independent, Charlie Weston, says they are symptomatic of a property bubble.

"The advantage of that to people is is makes the monthly repayments much, much cheaper - the downside is you end up paying back a mortgage over more than three decades," he said.

"So you're talking about people her ending up in debt possibly into their 60s, 70s or longer."

"It's not a good trend and we're seeing a return of it - it's a symptom of a housing market that's over-heating in urban areas."