There is good news for first time buyers in the coming weeks ahead as the the Central Bank have revealed they are to ease mortgage lending rules.
It is understood the bank will relax their rules for first time deposits as buyers will no longer need 20% to apply for a mortgage but instead will only have to provide 10% of the value if the property.
The Central Bank say the new rules will be announced next week following a meeting with the Central Bank Commission.
It is believed the new measures are being introduced to increase the flow of lending, for first-time buyers.