Central Bank reveal latest mortgage lending details with no change to lending limits
The Central Bank has said it will not change its rules on mortgage lending limits next year.
It follows a review of the residential mortgage measures introduced almost three years ago.
Lending will continue to be limited to three and a half times a person’s income.
However separate ’loan to income’ allowances for first time and second time buyers will be introduced to improve the effectiveness of the measures.
The core elements of our mortgage measures will remain unchanged following our 2017 review https://t.co/kC3Pf2XX6s pic.twitter.com/3x73NVQwVX
— Central Bank of Ireland (@centralbank_ie) November 28, 2017
20% of the value of new lending to first time buyers will be allowed above the LTI limit in 2018. pic.twitter.com/WPNKCXuUi8
— Central Bank of Ireland (@centralbank_ie) November 28, 2017
10% of the value of new lending to second & subsequent buyers will be allowed above the limit in 2018 pic.twitter.com/zZlFpU5NpE
— Central Bank of Ireland (@centralbank_ie) November 28, 2017
No changes for buy-to-let mortgages pic.twitter.com/2XBnBY9hUf
— Central Bank of Ireland (@centralbank_ie) November 28, 2017
