Brendan Burgess
Founder
- Messages
- 52,117
A borrower in Ireland can still get a 90% mortgage on 3.5 times their joint income. That is very “default-risky” for the bank.
I am surprised you see that as risky for the bank.
Brendan,
Possible solution for banks is to increase the % payout to them regarding credit default mortgage insurance
Possible solution for banks is to increase the % payout to them regarding credit default mortgage insurance
That would have no effect.
The cost would still be passed on to the other borrowers.
I think that the insurers would be very slow to insure 90% LTV mortgages in Ireland.
Even with the disaster of the last 10 years, they rarely paid out.
Brendan
Ain't nobody that crazy!Brendan, I wasn't aware of anyone offering mortgage default protection insurance in Ireland. Is there someone offering it?
Although there was a proposal for the government to provide it.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?