'How can you save 10pc with rents so high?' - Do new mortgage lending rules go far enough?
NEW mortgage lending rules announced yesterday have been met with a mixed response from Independent.ie readers.
Many readers felt that with rents continuing to soar even a 10pc deposit left them with a mountain to climb:
Others were disappointed to see no change to the limit of banks lending a maximum 3.5 times of the borrower's income:
While many were frustrated that there was no help for those wishing to move:
What do you think of the new mortgage lending rules? Are you caught in a rent trap? Let us know.