Mortgage rules will trap 'a lost generation' in rental market, Brokers Ireland claim

Mortgage rules will stay as they are in 2019 after the Central Bank said there was no need to alter the current regulations - prompting Brokers Ireland to claim it would trap "a lost generation" in the rental market.

Some welcomed the Central Bank move, which will keep the current loan-to-value (LTV) and loan-to-income (LTI) limits in place, although Brokers Ireland said the announcement was “very disappointing and will continue to force people into the rental market where there is a yawning gap between repaying a mortgage on a home and paying rent on a similar home”.