Banks are currently not lending due to fear of being burnt all over again. If Bank of Ireland lend on the basis of rental multiples, they will be able to lend to more couples and they will have less of a downside risk due to negative equity.

The only question is whether there are enough sellers out there willing to lend at the 60% below peak that these rental multiples typically imply.

I’m just gutted I missed out on the increased tax relief by less then a year! : ( ah well, I just have to remember what Enda said, I am not responsible, I am not responsible, I am not responsible……

Tony- only passing on information I read about. Take a look at property value in Germany. Complete your own research and then ask me what I’m on about! Let me put it this was. Borrow eg ( note I use eg ) 200,00for a property and 2 years could be worth 160,000 ( approx) If you dis-agree thats cool and all entitled to opinion. Best of luck if your a first time buyer by the way ;)

Good idea. Encourage yet more people to buy houses that they can’t afford.

Full of geniuses this place.

That’s all well and good and positive they are lending. However, the reality according to many sources also the front page of the Irish Indepenent last week is the property Market to drop for another 2 years. So, if one was to borrow eg. 400,000 euro for a home next month would the home be worth eg 325,00 Euro in 24 months time as we are led to believe . ( approx drop give or take ) HELLO….. Reckless lending is back for young unsuspecting victims!!!!

Will the bank keep the mortgage, or will it bundle and sell it with other debt?

Did they not say that last year ?

Worse mistake evrr is to get a mortgage. Bank sucks you in and fucks you over for the rest of your life. Wish I’d never done it.

What are you on about David? houses can be picked up for 150k these days , for less than the monthly rent.

Michael its about disposable income, paying roughly 300 more on rent than would on a mortgage hence there goes my saving. Maybe I should give up my job and apply for rent allowance probably more likely to save money there. Wonder will the government pay for my wedding too!

Where’s the money 4 small buisnesses? More interested in consigning people 2 long term debt. And the cycle continues, boom, bust, boom, bust. Makes me sick.

1.5 billion for mortages??….ya’d need the 1.5 billion just as collateral!

This is great in theory. But what about those who struggle to save for a deposit because day to day living is so expensive, rent etc. Could well afford a mortgage would be cheaper than my rent but struggling to save deposit so any increased lending by the banks is still unreachable by many!! 100% mortgages were abused by developers and banks in the boom and as a result there absence is leaving potential first time buyers behind!

The chances of any of this alleged fund making its way into the property market are near zero. For two years now the banks apparently have Benin lending. Ask yourself how many people do you know who bought a new house or premises on the back if a mortgage. Few. But the government is happy to run with this blather.

Is this, and the government’s retention of s23, no cgt for purchases by 2013 and extension of mortgage interest relief, to make the property bust less bustier? (all for the sake of Nama).

I’m so looking forward to buying.

I just cant wait to pay the jumbo property taxes they’ll be bringing in next year.

hello tim. Thanks for that. You want to take that 20 k drop that’s great!!! 20k to earn after tax these days are???? By the way……. How many Germans own their property in germany these days? ( they advise and really run our country in my opinion) Again, I am referring to facts . Thanks in advance for reply. penny dropped yet? If not….. Work it out otherwise borrow borrow borrow ;()