Today the Central Bank announced new regulations in the Irish residential mortgage market.
AIB: 25 Percent Deposit For One-Bedroom MortgageMortgages
AIB is reportedly asking would-be homeowners looking to purchase a one-bedroom apartment to pay more than a 25% mortgage deposit. As reported in the Herald.ie, the state-owned lender has reduced the level of mortgage funding for one-bedroom properties – a move could hurt first-time buyers.
Bank of Ireland offers to buy back €1 billion in mortgage securitiesMortgages
As reported in The Independent, The Bank of Ireland has proposed to buy back €1 billion in mortgage securities from investors.
Third of Nationwide mortgages in arrearsNews
According to an article in the Irish Independent over a third of consumer mortgages from the Irish Nationwide Building Society have fallen into arrears.