How Irish Citizens Have Reacted to the New Mortgage Limitations

Housing prices in Ireland continue to rise, the Central Bank is called to take action. The bank has limited the size of mortgages given to people buying a home, leaving many people frustrated. The lending rules restrict people or couples from borrowing 3.5 times their collective income. In addition, first-time buyers must reach a minimum …

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Allied Irish Banks Alter Lending Rules

The coronavirus pandemic has had a profound effect on many industries in Ireland. One of the industries hit the hardest was the mortgage lending industry. Specifically, the Allied Irish Banks, AIB, has had to alter their lending rules to deal with the uncertainty attributed to Covid-19. In February 2021, AIB announced a major modification concerning their …

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