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The Central Bank is expected to widen mortgage lending rules

Oct 19, 2022 08:41 By News Northern Sound
The Central Bank is expected to widen mortgage lending rules
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The Central Bank is expected to widen it's mortgage lending rules to allow home buyers borrow up to four times their salary.

At the moment, most house hunters can only borrow up to 3-and-a-half times their income.

That rule was introduced seven years ago when Central Bank bosses were trying to avoid a repeat of the property crash from 2008.

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Charlie Weston Personal Finance Editor with the Irish Independent says it comes during very high house price inflation already:

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