Tag: mortgages

Central Bank regulations should ensure property market is accessible to first-time buyers

“As we await an imminent decision from the Central Bank on new mortgage rules, I am hopeful that we will see some changes to the original proposal to ensure that mortgages remain accessible to first-time buyers” says Alan Farrell, Fine Gael TD for Dublin Fingal. “Compelling first-time buyers to come up with a whopping 20 per cent of the value…

The Central Bank must adopt a cautious approach to mortgage lending restrictions

Fine Gael TD for Dublin Fingal and Member of the Oireachtas Committee for Finance, Public Expenditure and Reform, Alan Farrell has urged caution in relation to the new mortgage lending measures proposed by the Central Bank. “Having reviewed the proposals outlined in the Consultation Paper published by the Central Bank yesterday, I would be cautious of the measures put forward.…

Personal Insolvency Bill will help those struggling with unsustainable debt to find a way out

Fine Gael Dublin North TD Alan Farrell has welcomed the publication of the new Personal Insolvency Bill 2012, which will fundamentally reform insolvency laws in Ireland and provide a lifeline for those who are struggling with unsustainable debts. “This Bill will radically change the face of insolvency law in Ireland and will provide a workable solution for those struggling to…