Minister for Finance Michael Noonan has defended the Central Bank’s mortgage rules and said the situation had “looked a little scary” early this year with concerns about a new property bubble.
Mr Noonan was responding to Fianna Fáil finance spokesman Michael McGrath, who said the rules requiring a 20 per cent deposit from those seeking a mortgage were having a significant impact on first-time buyers’ ability to purchase a home.
Read the full details in the Irish Times
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