It seems that the Fin Regulator and the Central Bank will act to restrict excessive borrowing.
http://www.rte.ie/business/2010/0621/banks.html
Let's hope they restrict the duration of mortages and the LTVs to prevent people taking on too much debt.
I think 80%-90% mortgages over 20-25 years should be the max.
http://www.rte.ie/business/2010/0621/banks.html
Let's hope they restrict the duration of mortages and the LTVs to prevent people taking on too much debt.
I think 80%-90% mortgages over 20-25 years should be the max.