Cental Banks review of mortgage-deposit rules is good news for TDs, buyers

The Central Bank governor has promised to review mortgage-deposit rules. Just before TDs start electioneering, says Political Editor Daniel McConnell

WHILE there is no doubting Philip Lane’s independence as Central Bank governor, you could almost hear the collective sigh of relief from Government TDs yesterday morning when he promised to review the bank’s stringent mortgage-deposit rules this year.

Without committing to do very much about the requirement for prospective homeowners to have a deposit of up to 20% of the value of the house, Lane has given the Coalition’s TDs cover on the issue, going into the general election.