100% mortgages would drive up house prices, Central Bank warns

Central Bank director of financial stability Mark Cassidy arriving at Leinster House today for the Oireachtas housing committee session. Picture: Sam Boal/Collins

Celtic Tiger-era 100% mortgages would drive up house prices and increase risks to borrowers and banks, the Central Bank has warned.

Mark Cassidy, the Central Bank’s director of financial stability, warned TDs and senators at the Oireachtas housing committee against the return of 100% mortgages.