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Lose-lose situation: tenants are priced out and home owners pay through the nose

Richard Curran


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Stock image. Picture by Bruno Monteny

Stock image. Picture by Bruno Monteny

Stock image. Picture by Bruno Monteny

The banks are back in the news for the wrong reasons again. Banks in Ireland have reclaimed the uncoveted title of having the highest mortgage interest rates in the Eurozone.

At a time when so few people seem able to get a mortgage, the idea of having to pay the highest rates in the zone rubs salt in the wounds.

Thousands of tenants who are paying exorbitant rents and would love to raise a mortgage deposit or have an income level required by a mortgage lender can only look on with envy.


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