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Concerns Over New Mortgage Rul...

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Concerns Over New Mortgage Rules

98FM
98FM

08:34 28 Jan 2015


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Fianna Fáil says it has "grave concerns" over new Central Bank mortgage rules.

The regulations will make it difficult for renters in Dublin to buy a home. 

The new rules will allow first time buyers to borrow up to 90 per cent of the value of a house worth up to 220-thousand euro but Dublin has the highest property prices in the country. 

Other buyers will be forced to save a 20 per cent deposit on the property's value making it difficult for families who want to trade up. 

Party Finance Spokesperson Michael McGrath says the new rules are tough.


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