Saturday 10 December 2016

Charlie Weston: Banks now so prudent there will be little building

Published 21/09/2016 | 02:30

'Yes, we need banks to act prudently, but not if it stops houses being built.' Photo: Ben Birchall/PA Wire
'Yes, we need banks to act prudently, but not if it stops houses being built.' Photo: Ben Birchall/PA Wire

The findings that Central Bank mortgage rules are holding back house-building need to be taken seriously by the notoriously unresponsive regulators.

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Central Bankers have shown precious little concern, and even less action, when it comes to rip-off mortgage rates, home-loan arrears levels and ever-rising motor insurance premiums.

The Central Bankers have also been rigid on the need to limit mortgage lending to ensure banks act prudently, rather than stupidly, as they did in the past.

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