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Dublin: 2 °C Sunday 20 January, 2019

Poll: Should there be a limit on how much you can borrow for a mortgage?

Is self-regulation now a non-runner?

Image: Shutterstock

THE CENTRAL BANK is looking to stave off another property bubble by introducing rules to limit the amount banks can lend borrowers to buy a home.

Full details of the lending cap are due to be announced later but it is expected that they will take account of how much a home costs and the size of a borrower’s deposit.

Governor Patrick Honohan said last night that banks used to follow similar rules themselves but abandoned them in “the post-millennial boom in Ireland”.

Today’s poll, Should there be a limit on how much you can borrow for a mortgage? 

Poll Results:

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About the author:

Rónán Duffy

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