House-hunters can borrow up to four times their incomes
First time buyers will be able to borrow up to four times their gross income, as part of new changes to mortgage rules announced in the past hour.
From January 2023, loan-to-values for second and subsequent buyers will increase by 10%, to 90%.
Meaning that cohort of people will need to have a minimum of 10% deposit for a property, the same amount as first time buyers.
The definition of first time buyers will also change to include people who are divorced, separated or have undergone bankruptcy.
Personal Finance Editor with the Irish Independent, Charlie Weston says it comes during very high house price inflation already:
Giving people an additional few thousand euro to buy a house, is the wrong way to tackle skyrocketing prices.
That's according to the founder of the Consumer website Ask About Money.
Ask About Money's Brendan Burgess does not think it's a good move, and will only lead to higher house prices:
Public Expenditure Minister, Michael McGrath, says something needed to change meet continuous inflationary costs:
Newbridge Scientist Hopeful For Ambitious Project Aimed At Preventing Hospital-Acquired Infections
Calls For Review Of Parking Spaces And Bye-Laws In Celbridge
Concerns Raised In Relation To Capacity On The 120 Bus
High Court Overturns Judge's Refusal To Convict 34 Drivers For Speeding Offences On Road Near Monasterevin
28,000 Calls To Newbridge Samaritans Centre In 2025
Horses Cause "Considerable Damage" To Trees In Athy As Council Say There's No Money For Replanting
Kildare TD Calls For Prevention Of Supermarkets Disposing Of Unsold Edible Food
Overnight Water Outage In Newbridge, Kildare Town And Surrounding Areas
