FG call for new measures to help first-time buyers
Fine Gael has today called on the Government to implement measures that will help first time buyers to avoid becoming locked into mortgage debts.
It follows figures today from the Irish Mortgage Corporation showing that 40-year mortgage agreements among first time buyers are up 9% on the same time last year.
It was also found that 20% of first-time buyers who purchased in the first half of this year signed up to pay for their home over four decades.
Fine Gael's Finance spokesman Richard Bruton said rising interest rates are forcing first-time buyers to make difficult decisions.
