"New mortgage rules are a tough but necessary step to stop reckless lending"

[Delboy]

Good article Brendan. It always amazes me that so few commentators refer to the extortionate cost of houses in this country, and that by getting them lower, it would help the majority (at the expense of the minority i.e. the vested interests).
But you made that point and especially so in relation to the Govt's input to high house prices.

And you also hammered home the supposed independence of the head of the CBoI, which appears to have being forgotten by so many Politicians in particular in the past few months

Good work

 

[Brendan Burgess]

Thanks Delboy

The article is here

New mortgage rules are a tough but necessary step to stop reckless lending

It's very hard to compress all the arguments into 750 words.

It's even harder to get the maths right when writing to a tight deadline!

Brendan

 

[dub_nerd]

Great article. Although personally I feel ten years is way too long a period over which to introduce the new rules.