Fianna Fáil wants review of help-to-buy scheme in 12 months

Fianna Fáil finance spokesperson Michael McGrath has warned his party will not "stand by and do nothing" if last week's mortgage rule changes lead to a fresh house prices surge, Fiachra Ó Cionnaith of the Irish Examiner writes.

Under Central Bank changes announced last week, first-time buyers looking for a new home will now have to save just 10% of the price of the house in order to obtain a deposit.