Oireachtas Joint and Select Committees
Thursday, 4 April 2019
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Matters Relating to the Banking Sector: Bank of Ireland
Mr. Gavin Kelly:
The macroprudential rule is 3.5 times which sets the mortgage debt for a customer at roughly 30% or 35% of their take home pay. That feels about right to me. There are exceptions for customers in different circumstances who could probably afford to go a bit higher but that feels right and hits the right price point.
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