ESRI recommends easing mortgage lending rules

The ESRI has recommended that the Central Bank should ease its mortgage lending rules. ESRI Logo The latest report predicts economic growth of around 5 percent this year with another 4 per cent growth on the way in 2017. But it’s warning that it will be 2018 before there’s enough houses being built to meet demand. The new mortgage lending rules mean first time buyers need a 10 per cent deposit and the independent think tank says they’re contributing to the housing shortage.