Two-thirds want Central Bank's mortgage lending rules relaxed

The Central Bank has recently said that the rules will remain in place for at least another year, but it is undertaking a review looking at how the system is working, with input from the public forming part of the process.

Almost two-thirds of people believe the major requirement in the Central Bank's mortgage lending rules should be relaxed, while half believe the deposit needed to do so should be lowered.

In the years following the financial crash of 2009, the regulator for financial services in Ireland sought ways of ensuring such a crisis was prevented from happening again, and, in 2015, brought in rules to limit mortgage seekers to borrowing 3.5 times their income.