Prominent Clare Estate Agent Urges Caution On Review Of Mortgage Cap

A prominent Estate Agent in Clare is urging caution amidst reports of a possible review of the Central Bank's mortgage caps for first-time buyers.

The Finance Minister Michael Noonan has said he would like the rules reviewed, in light of reports from the construction industry that they're inhibiting starter homes.

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Managing Director of Sherry Fitzgerald McMahon Property in Ennis, Diarmuid Mc Mahon says he'd welcome a review but says that measures must be take to ensure we don't return to circumstances seen in the boom times.