October 24, 2021

MP Now News

Mortgage News

Middle-income earners ‘challenged’ by mortgage lending ratios

Avant Money, one of the country’s newest mortgage lenders, has stated that the current loan-to-income ratio rules are challenging for middle-income earners and that lenders should be able to factor rental payments into account when assessing borrowers.

Brian Lande, Avant Money’s head of mortgage lending, said in an interview with the Sunday independent.

Speaking of the Central Bank of Ireland’s review of mortgage loan regulations, Lande said Avant Money supports macroprudential regulations and looks forward to the results of the loan cap review.