Central Bank easing its Mortgage lending Limits
Muireann and Tommy are joined by Financial Advisor Karl Deeter and Assistant Professor Rory Hearne to discuss the Central Bank easing its mortgage lending limits.
Rory tells them he thinks it is a “mad decision” and believes that this will cause a rise in house prices.
Karl Deeter points to the problems within the construction industry for the reduction of houses being built in Ireland.
He also states that this lending limit change could be a good thing and that the change “is a broadening of the fairness of the system.”
“No one looks at the idea of reckless renting, but we suddenly get all prudent when it comes to reckless mortgages.”
Credit to : Virgin Media
