Brendan Burgess
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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
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
http://www.centralbank.ie/publications/Documents/Economic Letter - Vol 2016, No. 3.pdf
But there have been significant differences for second time buyers
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