Home-buyers have been told to just accept the fact that large deposits are needed to get a mortgage.
Housing expert Lorcan Sirr has given his backing to rules forcing most borrowers to have a 20 percent down payment.
He says the problem with our housing market is caused by lack of supply – not lending difficulties.
A review of Central Bank mortgage restrictions is expected to be made public today.
But DIT housing lecturer Lorcan Sirr says they don’t need to be changed: