Oireachtas Joint and Select Committees

Tuesday, 4 April 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Banking Sector: Quarterly Engagement with Central Bank of Ireland

10:00 am

Photo of Kieran O'DonnellKieran O'Donnell (Fine Gael) | Oireachtas source

I welcome Professor Lane and his colleagues.

I want to return to last November when the Central Bank lifted the limit on first-time buyers. If I am correct, prior to that there had been a limit of €220,000 which had been brought in by Professor Lane's predecessor, the loans had to be 90% and for any balance above that there had to be 80%. In November, Professor Lane came along and effectively put it all at 90% with no limit at all on the price. Am I correct?

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