Ciarán Lynch (Cork South Central, Labour) | Oireachtas source

Everyone is of the view that there must be a return to normalisation in the market. When people hear the term "recovery" it could frighten them because they might interpret it as meaning that another housing bubble is coming down the tracks. With regard to normalising the housing market, in 2009 the Central Bank introduced additional prudential guidelines in respect of the home purchasing sector. Will our guests provide an indication of what is the loan-to-value, LTV, requirement in that area and outline the position regarding mortgage schedules? Are the periods of repayment relating to such schedules still 35 years or are they reducing to 20 or 25 years? What is the household income ratio in respect of the mortgages that are being issued?