As part of our series of guides on Financial Services, here you’ll find our guide to the Central Bank guidelines on lending limits. Since 2017, the Central Bank set limits on the size of housing loans made by the commercial lenders that it regulates.
As a home buyer, this will have an impact on how much you can borrow to buy your new home.
Our guide will help you to
- Understand the term ‘loan-to-income’ and what it means to you
- Realise the importance of ‘loan-to-value’ for lenders and why it is such an important metric for them
- See both financial concepts in action using practical examples
By applying practical stories and examples of people in the same position as you and other buyers, we’ll explain these financial issues simply and clearly, illustrating how they might impact on you.
At Sherry FitzGerald Mortgages, we’re with you every step of the way. Review our guide and if you have any queries, get in touch today.