Kenny critical of mortgages crackdown

The Central Bank’s proposed tough crackdown on low-deposit mortgages appears to have come under fire from Taoiseach Enda Kenny.

Mr Kenny used a conference on housing and property to stress that home ownership needs to remain an “attainable ambition” for young, “credit-worthy families”.

The comments were seen by some as a reproach to recent Central Bank plans to cap most mortgages at 80%, with buyers needing to have saved a 20% deposit.