Well, they’re finally here. After months of speculation, frantic lobbying by interested parties and concerned visits to their bank by putative homeowners, the Central Bank has finally announced its decision. It’s not what everyone may have wished for, but the new rules, which will restrict mortgage lending, have been announced and it looks like they are here to stay.
While the new rules give some much-needed certainty and clarity, there is also an element of confusion as to what exactly they will mean for those looking to move on or up the property ladder.
Read the full story in the Irish Times
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