Mortgage Lending Rules Will Remain Unchanged In 2021, Following A Decision By The Central Bank

It means first time buyers will still only be able to borrow three and a half times their income next year

A Central Bank review has found changing lending rules may put greater pressure on house prices and heighten affordability issues in high demand areas.

Central Bank governor Gabriel Makhlouf says the measures have had benefits for banks and consumers that have become evident during the pandemic: