Central Bank to ease mortgage rules, buyers likely to be able to borrow up to four times their income – TheLiberal.ie – Our News, Your Views

Central Bank to ease mortgage rules, buyers likely to be able to borrow up to four times their income




The Central Bank is expected to ease mortgage rules, with buyers likely to be able to borrow up to four times their income.

For the past few years, people could only borrow up to 3.5 times their income.

Nevertheless, people will still need hefty deposits, so most buyers will never be able to buy a property until very late in life, if at all, since people still have to pay exorbitant rents anyway, so saving is impossible to begin with.

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