Central Bank chief hints that new mortgage deposit rules may be eased

The Governor of the Central Bank has hinted that the bank is considering an easing of new mortgage lending rules, which will see borrowers having to save a 20% deposit before they are eligible for a mortgage.

Speaking today at the MABS National Management Forum in Portlaoise, Mr Holan suggested that mortgage loan insurance, which operates in other countries, could play a role in higher loan to value mortgages.