Portada » easy 1 hour loans

easy 1 hour loans

What are the Central Bank’s mortgage lending rules?

What are the Central Bank’s mortgage lending rules?

The Central Bank’s mortgage lending rules were introduced in early 2015 and have fundamentally changed the mortgage market in Ireland. The rules dictate how much you’re allowed borrow for a mortgage in relation to your income, as well as how much you’re obliged to save and provide in the form of a deposit, and are designed to ensure that banks and other lenders lend money sensibly.

Whether you’re a first-time buyer or otherwise, if you’re looking to get a mortgage, the very first thing you need to do is get up-to-speed with the Central Bank’s mortgage lending rules. In short these rules dictate how much money you’re allowed to borrow in relation to your income and how much money you need to provide upfront for a deposit.Leer más »What are the Central Bank’s mortgage lending rules?