Kildare Focus

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Ciara Plunkett

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Listen: Central Bank Will Not Be Changing Mortgage Lending Rules For Next Year.

: 26/11/2020 - 12:38

The Central Bank will not be changing its mortgage lending rules for next year.

Its Financial Stability Review says the current measures, which limit first time buyers to lending 3 and a half times their income, are meeting their objectives.

The review has also found the mortgage lending rules mean banks were in a better position going into the Covid-19 shock than the previous financial crisis.

Central Bank Governor Gabriel Makhlouf says any changes may lead to house prices increasing:

13centralbank.mp3, by Ciara Plunkett

 

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