Dáil Éireann Debate, Thursday - 3 May 2018
61. Deputy Michael McGrath asked the Minister for Finance the number of banks that have reached and not met their loan to value exemption limit in 2018, respectively; and if he will make a statement on the matter. [19519/18]
View answer62. Deputy Michael McGrath asked the Minister for Finance the number of banks that reached and not met their loan to value exemption limit in 2017, respectively; and if he will make a statement on the matter. [19520/18]
View answer63. Deputy Michael McGrath asked the Minister for Finance the number of banks that have reached and not met their loan to income exemption limit in 2018, respectively; and if he will make a statement on the matter. [19521/18]
View answer64. Deputy Michael McGrath asked the Minister for Finance the number of banks that reached and not met their loan to income exemption limit in 2017, respectively; and if he will make a statement on the matter. [19522/18]
View answerI propose to take Questions Nos. 61 to 64, inclusive, together.
For reasons of confidentiality, the Central Bank of Ireland does not disclose information on individual banks. However, the Central Bank is in a position to disclose aggregate level information, and has provided the information in the following table. This outlines the 2017 year-end position for Loan to Value (LTV) and Loan to Income (LTI) by Private Dwelling Home (PDH) and Buy to Let (BTL) for First Time Buyers (FTB) and Second time and Subsequent Buyers (SSB). The total value of 2017 residential mortgages in-scope of regulations was €6.9 billion, of which €6.7 billion was PDH lending, and for BTL was €0.2 billion. The table below shows the level of lending which was over the various LTV and LTI limits as set out in the macroprudential rules.
Table 1 : Overview of New Mortgage Lending - January 1st to December 31st 2017
|
- |
Nos. |
|
SSB lending of which SSB over LTV limit |
17 |
|
PDH over LTI limit |
18 |
|
BTL over LTV limit |
4 |
The Central Bank prepared a report on Macroprudential Measures and Irish Mortgage Lending, giving an overview of 2017. The report is available at the following link:
https://www.centralbank.ie/docs/default-source/publications/financial-stability-notes/no-1-2018-macroprudential-measures-and-irish-mortgage-lending-an-overview-of-2017-(kinghan-lyons-mazza).pdf?sfvrsn=5
Where a regulated financial service provider advances €50 million or more in residential housing loans over a six monthly period it will be required to submit data via data monitoring templates on a six monthly basis or any other period that the Central Bank may specify in writing. Compliance with the measures will be determined on an annual basis.
