Michael McGrath

General
Housing a big issue in General Election 2016

Housing a big issue in General Election 2016

Now that the General Election has been called there are sure to be plenty of issues debated between now and polling day in three weeks’ time. As ever, there are many pressing matters in the country with housing being amongst them. Already the likes of…
General
Fears that non-first time buyers could become trapped in their homes because of new mortgage rules

Fears that non-first time buyers could become trapped in their homes because of new mortgage rules

Fears have been expressed that the new Central Bank rules on mortgage lending will prevent many non-first time buyers upgrading their homes. Speaking yesterday, Fianna Fáil’s finance spokesperson Michael McGrath said people who had already bought could become trapped in their current homes despite the…
General
Mixed reaction to Central Bank rules on mortgage lending

Mixed reaction to Central Bank rules on mortgage lending

There has been a mixed reaction to the new Central Bank rules on mortgage lending. Prospective home-buyers will have to save bigger deposits under the regulations. Banks will only be able to lend up to a maximum of 80% of a property’s value for most owner-occupiers.…
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