Oireachtas Joint and Select Committees
Thursday, 27 November 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Mortgage Insurance Schemes: Discussion
2:25 pm
Mr. Paul Joyce:
I think what Deputy O'Donnell is suggesting is that the 20% deposit and the three and a half times income, together constitute a significant impediment to many people getting mortgages.
The three and a half times income and the 20% deposit are both mitigated by a 15% variation on the lender's loan book.
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