The new rules have really only affected second time buyers

Discussion in 'The Central Bank's 2016 review of mortgage limits' started by Brendan Burgess, 24 Aug 2016.

  1. Brendan Burgess

    Brendan Burgess Founder

    Posts:
    36,141
    From the Central Bank research, there has been no difference in the LTV and LTI of loans to first time buyers approved before the regulations came into force and approved after the regulations came into force.

    http://www.centralbank.ie/publications/Documents/Economic Letter - Vol 2016, No. 3.pdf

    But there have been significant differences for second time buyers

    upload_2016-8-24_11-22-41.png

    The difference may actually be understated because a lot of second time buyers may have put off the idea of trading up due to the new rules.

    Brendan