Oireachtas Joint and Select Committees
Wednesday, 9 November 2016
Select Committee on Finance, Public Expenditure and Reform, and Taoiseach
Finance Bill 2016: Committee Stage
10:00 am
Michael Noonan (Limerick City, Fine Gael) | Oireachtas source
In my personal conversations with the Central Bank, 70% was not mentioned. The figure for the average mortgage was 78.7%. The argument was presented to me that it would incentivise unnecessary borrowing and that it was in the pruential interest to keep the level of mortgages, as a percentage, down.
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