Oireachtas Joint and Select Committees

Wednesday, 12 November 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of Banking Sector: Permanent TSB

3:45 pm

Mr. Ger Mitchell:

I am not qualified enough to say whether it could, but it will obviously dampen demand and may reduce the amount of mortgage lending, certainly in the near term, as people will probably need the better part of 12 to 24 months to save an additional 10% if the full 20% deposit measure comes into play.