property

A cautious twenty per cent down?

Hell no.

The Central Bank will offer some relief for first-time buyers under revised rules on mortgage lending. Prospective home-buyers will have to save bigger deposits under the regulations. Banks will only be able to lend up to a maximum of 80% of a property’s value for most owner-occupiers.
However, they will be able to lend up to 90% of the value of the home to first-time buyers up to a limit of €220,000.
This means that first-time buyers will need a 10% deposit for the first €220,000 of their property’s cost and 20% of whatever is above this limit.
For buy-to-let mortgages, the figure is 70%.

90% loans for first-time buyers under new rules (RTÉ)

(Photocall ireland)

emmielou

Have a heart.

No pressure.

Designer Emma writes:

 I have designed some geometric heart necklaces [€30] and I think they would be a great Valentines present. They have been designed & created in Ireland. and are available from The Loft Market, Powerscourt Centre, Dublin 2. I also sell them online [link below] Thank you.

Ruby Red Geometric heart by Emmie Lou

Emmie Lou

Irish made Valentine’s gifts to broadsheet@broadsheet.ie marked ‘Irish-Made Valentine’s Stuff’. No fee all heart.

Broadsheet.ie