mortgage rules Archives - MyHome.ie Advice & Blog

Central Bank keeps core elements of mortgage rules unchanged following review

The Central Bank has decided not to change the core elements of its mortgage rules after it conducted a review of the measures. The Central Bank said the loan to income (LTI) and loan to value (LTV) limits will remain unchanged for next year. However, minor…

General

Central Bank to publish the outcome of review of mortgage rules today

Blog, General, Home, Industry News, Market News, Mortgages & Money, Property News, The First Time Buyer, The Investor

The Central Bank will publish the outcome of a review of mortgage rules later today. The restrictions set official ceilings on how much banks can lend home buyers. It is expected the main limits will remain in place although there could be some small adjustments.…

General

Central Bank to remove €220,000 cap for first-time buyers with 10% deposit

Blog, General, Home, Industry News, Market News, Mortgages & Money, Promoted, Property News

The Central Bank is to remove the €220,000 cap on mortgage lending for first-time buyers who have a deposit of 10%. This is a shift from the current requirement, which puts the ceiling at 90% for loans up to €220,000 but at 80% for the…

General

Outcome of Central Bank mortgage rules review to be revealed this afternoon

Blog, General, Home, Industry News, Market News, Mortgages & Money, Property News

The Central Bank is to announce the outcome of its review on mortgage rules this afternoon. The existing restrictions set limits on how much home buyers can borrow in relation to their income and the size of their deposit. The board of the Central Bank…

General

Survey reveals 7 out of 10 are impacted by mortgage rules ahead of Central Bank review

Blog, General, Home, Industry News, Market News, Mortgages & Money, Property News, The First Time Buyer

The Central Bank mortgage rules have been in place for almost a year and a half now but still their impact divides opinion. Many people looking to buy are unable to meet the rules that they must have at least a 10% deposit due to…

Building

Savills calls on Government to reduce VAT on new homes

Blog, Building, Home, Industry News, Mortgages & Money, Property News, The First Time Buyer

An international property advisor is calling on the Government to reduce the VAT on new homes to help stimulate building. Savills latest report on the Irish housing market says new mortgage rules will mean an increase in demand in the rented sector. However, the shortage…

General

New Central Bank mortgage rules could drive up rents

Blog, General, Home, Market News, Mortgages & Money, Property News, The First Time Buyer, The Renter, The Seller

The new Central Bank mortgage rules officially came into force yesterday with fears being expressed that it may drive up rents even further around the country. The new regulations will see buyers forced to save deposits of 20pc of the price of a property before…

General

New Central Bank mortgage rules come into effect

Blog, General, Home, Market News, Mortgages & Money, Property News, The First Time Buyer, The Investor, The Overseas Investor, The Seller

The Central Bank's new rules on mortgage lending have officially taken effect. The new regulations will take immediate effect on all lenders within the State. The rules mean most buyers will only be able to borrow three-and-a-half times their income, and will have to save…

Buy & Sell

What the new Central Bank mortgage rules mean to you

Advice, Buy & Sell, Buying, Finance, Practical Advice, Promoted

The new Central Bank mortgage rules were announced recently and that means a change in how we’ve done things in recent years. In essence, the new rules mean that first time buyers can continue as they were, provided that the purchase price is less than…