On Air Now

K Drive

3:00pm - 7:00pm

  • 045 901 490
  • 0833-979797

Now Playing

U2

Desire

First-Time Buyers Will Be Able To Borrow Up To Five Times Their Income

Central Bank rules typically allow first-time buyers to borrow four times their income

First-time buyers will be able to borrow up to five times their income under a new scheme by one lender.

Nua Money will be the only lender to do so, with some others only offering up to four and a half times a person's salary, according to the Irish Independent.

Central Bank rules typically allow first-time buyers to borrow four times their income, as long as they have a 10 percent deposit, unless a bank is granted an exemption to go slightly higher than that.

More from National News

Stay tuned to Kfm!

Get the Kfm Apps for you phone, tablet or smart speaker...

Kfm Kildare Weather

  • Fri

    Medium-level cloud

    17°C

  • Sat

    Light rain

    16°C

  • Sun

    Light rain

    14°C

  • Mon

    Sunny intervals

    14°C

  • Tue

    Light rain

    12°C