Mortgage lending rule changes are 'a terrible idea'
The Hard Shoulder · Newstalk
October 19, 20229m 34s
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Show Notes
The Central Bank has eased mortgage lending rules for first-time buyers. First time buyers will be permitted to borrow four times their gross income from January, an increase from the current 3.5 times rate. Second time buyers will now need a 10% deposit when purchasing a property, down from the previous threshold of 20%
Kieran was joined by consumer expert and presenter of The Home Show on Newstalk, Sinead Ryan and Chief Executive of the Banking and Payments Federation, Brian Hayes…