Burton queries 80% cap on home loans

The Central Bank is unlikely to change the new rules on mortgage lending despite growing political pressure.

Tánaiste Joan Burton raised concerns about the proposed Central Bank rules to raise the deposit required for a mortgage to 20% of the value of the property.

“The size of the deposit does seem quite high, but they [Central Bank] are independent. They are consulting people, so people who have a view that one or other part of their proposals should be modified, should [put it] to the Central Bank,” Ms Burton said in an interview on RTÉ’s Morning Ireland.