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New Central Bank mortgage rules could be relaxed

98FM
98FM

09:12 25 Jan 2015


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The new 20% mortgage rules from the Central Bank look set to be relaxed.

It comes as a new Behaviour and Attitudes poll on behalf of the Sunday Independent and Today FM reveals that one in ten of all 30-somethings are currently living at home with their parents.

While 37% live in private rental accommodation and less than one in ten are able to buy their own house.

The poll of 30-39 year olds in this country also shows that 20 percent of non-property owners in Dublin plan to buy over the next 12 months or so.

The paper is reporting that the Central Bank Commission will decide on the new mortgage rules next week, with the preferred option now a 15 percent mortgage deposit, rising by one per cent each year over the next five years.


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