Central Bank's webinar on Mortgage Measures

Brendan Burgess

Brendan Burgess

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I attended this on Tuesday and Wednesday and will post my comments later after I have studied my notes.

But here are some reports on it.

www.irishtimes.com

Mortgage measures were not designed to limit house prices, says Donnery

Central Bank deputy governor insists measures have reduced risk of another bubble
www.irishtimes.com www.irishtimes.com

www.irishtimes.com

Honohan criticises government housing policy as ‘reactive’ and inflationary

Former Central Bank governor says help-to-buy scheme was poorly designed
www.irishtimes.com www.irishtimes.com

www.independent.ie

Central Bank of Ireland urged to consider debt forgiveness for mortgages

Irish rules on the mortgage market should allow over-stretched borrowers to write off debts more easily and force losses on the banks, a Central Bank conference on mortgage lending restrictions has heard.
www.independent.ie www.independent.ie

www.independent.ie

Honohan questions response of Government to mortgage lending limits

MORTGAGE lending limits were not introduced to dampen house prices but did have an impact on spiralling prices, former Central Bank governor Patrick Honohan said.
www.independent.ie www.independent.ie
 
It would be great to hear a run-down Brendan.

For me the big issue with the LTI limit is that it doesn't vary with interest rates. A mortgage of 3.5x your income is very different at the 1.95% that you can get today compared to the 3-ish% that prevailed in 2015 when the rules were introduced. What this means in practice is that rules are tightened as rates fall, and loosened as they rise.

Was this raised at all?
 
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