Central Bank finalises new mortgage rules

The board of the Central Bank is expected to finalise plans for new mortgage lending rules at a meeting this morning.

Central Bank finalises new mortgage rules

The board of the Central Bank is expected to finalise plans for new mortgage lending rules at a meeting this morning.

It comes amid speculation that the requirement for borrowers to have a 20% deposit ready will not apply to first-time buyers.

Uncertainty over the detail of the new rules has been blamed for a slowdown in the growth of property values towards the end of last year.

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