Saturday 25 February 2017

Tweaks to controversial lending limits would make life easier for all concerned

Charlie Weston

Charlie Weston

Seven out of 10 buyers and intending buyers are being affected by lending limits. Stock picture
Seven out of 10 buyers and intending buyers are being affected by lending limits. Stock picture

Survey findings that four out of 10 buyers will need funds from their families to secure a mortgage are set to raise the temperature in the heated debate on the impact of Central Bank mortgage restrictions.

The regulator has been accused of everything from social engineering to restricting mortgage lending to those with rich parents.

The social engineering charge relates to leaving younger people with little option but to rent.

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