Comment #1417330 by John Johnson (KCCO)
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THE CENTRAL BANK recently announced that it is planning new rules around how much a home owner will need in a deposit.
Effectively, the rules mean the majority of home buyers will need a 20% deposit, as opposed to the customary 10%.
Reports today suggest that Taoiseach Enda Kenny is planning a work-around for this plan, however. The Taoiseach’s intervention would allow people to pay a 10% deposit.
But how much should people pay?
We’re asking: How much of a deposit should house-buyers need?
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