Burton queries 80% cap on home loans

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

Burton queries 80% cap on home loans

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.

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