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IBA Wants Mortgage Payments Taken Into Account

The Irish Brokers Association says rent payments should be taken into account for some mortgage applications.

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New research by Behaviour and Attitudes found that first-time buyers think it will take them 6 and-a-half years to save up a mortgage deposit.

The study looked at the social impact of the Central Bank's new rules on home loans, which require as much as a 20 percent deposit.

Chairman of the IBA's Mortgage Committee Michael Dowling, says different mortgage deposit rules should put in place for people who have a track record of paying high rents

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