Dáil Éireann Debate, Tuesday - 25 January 2022
242. Deputy Noel Grealish asked the Minister for Finance the number of mortgage rule exemptions the Central Bank has granted to banking institutions for their mortgage applicants in 2019, 2020 and 2021; and if he will make a statement on the matter. [3007/22]
View answerThe Central Bank has informed me that 5,146 mortgage applicants received a mortgage rule exemption (allowance) from their lender in 2019, which is approximately 13% of the total number of loans subject to the mortgage measures in that year.
The corresponding figure was 3,235 in 2020 (10% of total lending) and 1,415 in the first half of 2021 (8% of total lending). Data on the full year of lending in 2021 is not yet available.
These figures include all applicant types i.e. first time buyers, second and subsequent buyers and buy-to-let investors. A small number of mortgage applicants received an exemption from both the loan to value and loan to income limits and the Central Bank has indicated that these applicants are only counted once in the above figures.
