Brendan Burgess
Founder
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I agree in principle with the requirement for a 20% deposit. But for someone who wants to buy a home in Dublin for €300k, that means that they would need €60k + costs , or around €70k, which would be very difficult for most people to save.
So how about setting a minimum deposit of, say, €30k?
In Dublin that might represent 10% of the price of a house. It would represent a higher proportion where houses are cheaper.
If 30k represented less than 10% of the house, then they would be required to save 10%
Brendan
So how about setting a minimum deposit of, say, €30k?
In Dublin that might represent 10% of the price of a house. It would represent a higher proportion where houses are cheaper.
If 30k represented less than 10% of the house, then they would be required to save 10%
Brendan