Dáil Éireann Debate, Wednesday - 14 January 2015
149. Deputy Michael Healy-Rae asked the Minister for Finance his views on the Central Bank of Ireland proposal to restrict mortgage lending with the introduction of a 20% deposit requirement for borrowers; his further views that this proposal runs the risk of locking the present and future generations out of home ownership; and if he will make a statement on the matter. [1043/15]
View answerAs the Deputy will be aware, the consultation period on the Central Bank's macro prudential proposals for residential mortgage lending concluded on 8 December last. My Department outlined its views on the proposals as set out in the Central Bank consultation paper and this submission is now available on Department's website:
http://www.finance.gov.ie/what-we-do/banking-financial-services/publications/reports-research/submission-department-finance
