Central Bank

A historic change is coming for first-time buyers’ borrowing, what it means for you

A historic change is coming for first-time buyers’ borrowing, what it means for you

‘The Celtic Tiger is alive!’ Mortgage lender Núa Money will be enabling first-time buyers to borrow up to five times their income. The mortgage lender will be the first financial institution in Ireland to offer this to customers since the financial crash in 2008. The Central Bank’s loan-to-income limit restricts the amount of money first-time […]

3 months ago

€220,000 cap for first-time buyers to be removed

€220,000 cap for first-time buyers to be removed

The news was announced this afternoon. The Central Bank will remove the €220,000 cap on mortgage lending for first-time buyers. The rule requiring first-time buyers to have a deposit of 20% on properties above a certain value will be scrapped. This means that first time buyers will be able to borrow up to 90% of […]

10 years ago