Oireachtas Joint and Select Committees
Thursday, 1 December 2016
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking Sector in Ireland: Ulster Bank
9:30 am
Mr. Gerry Mallon:
It is a helpful, but not a dramatic, development. The impact will be twofold. It will simplify the system, particularly for first-time buyers, and it will modestly ease the supply of credit. We are unlikely to see a very significant change in the housing market but those changes will generally be positive in that they will make conditions easier for first-time buyers.