Limited Impact of Central Bank mortgage rules on FTBs

Sarenco

Frequent Poster
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5,591
http://www.centralbank.ie/publications/Documents/Economic Letter - Vol 2016, No. 3.pdf

Average (mean) value of property acquired by FTBs in 2015:-
  • Out of scope of CB regulations - €230,424
  • In scope of CB regulations - €234,599
Average (mean) loan to income (LTI) ratio for FTBs:-
  • Out of scope of CB regulations - 2.9
  • In scope of CB regulations - 2.8
Average (mean) loan to value (LTV) for FTBs:-
  • Out of scope of CB regulations - 80.7%
  • In scope of CB regulations - 78.9%
It's hard to understand the media and political hysterics on the basis of those figures.
 

Brendan Burgess

Founder
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38,147
Here is the full table from that report. There is no difference between the loans approved before the rules came into effect and the loans approved afterwards.

upload_2016-8-24_11-19-37.png
 

Brendan Burgess

Founder
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38,147
First time buyers are using the exemptions to borrow a lot more . "With an allowance" means within the 15% who exceed the LTV limit.

upload_2016-8-24_11-33-42.png
 

Brendan Burgess

Founder
Messages
38,147
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