Make mortgage deposit scheme more nuanced

The Central Bank is quite right to try to prevent house buyers from being stampeded into buying houses at crazy prices.

However, those who point out the difficulty of coming up with 20% also have a point. The solution may be a system which is more nuanced than the crude 20% proposed.

Take, for example, a price of €275,000. Up to that price you must come up with 10%. For every €10,000 above that you must come up with another 1%.