Central Bank and Financial Regulator say review of Irish banks’ mortgage lending policy for first time buyers shows practices need to be improved
Jul 21st, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Central Bank and Financial Regulator today published the findings and recommendations from a review of Irish banks’ mortgage lending policy for first time buyers in the retail banking sector. This review was undertaken to ensure that there are strong safeguards in place for mortgage lending, in the interests of both borrowers and lenders. The Bank says more can be done, and needs to be done, to improve practices.