Friday 21 July 2017

Investec plan a welcome boost for home-buyers

Investec, which has been working hard to build its brand in Ireland, sponsors the Monaghan senior GAA team
Investec, which has been working hard to build its brand in Ireland, sponsors the Monaghan senior GAA team
Charlie Weston

Charlie Weston

IF there is one thing the struggling mortgage market needs more than anything else it is a new lender.

Just when the property market is showing signs of stabilising, with prices rising in Dublin, it emerges that banks are actually giving out fewer mortgages.

Still traumatised from the lending frenzy during the boom years, and unsure just how much they will lose from the current mortgage arrears mess, banks are now being extra cautious about lending for home buying.

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