Likelihood of raising a mortgage in this scenario

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.