Stock imageTHERE has been a drop in the number of people who got an exemption from strict Central Bank lending rules to help them buy a home last year. Read MoreThis works out at one in eight buyers getting an exemption to the rules in 2020. Data from the Central Bank found that first-time buyers and second-time buyers getting an exemption were more likely to be single applicants and purchasing in Dublin. First-time buyers who got an exemption last year were also more likely to be buying a newly-built home, the Central Bank said. Typically those first-time buyers getting an exemption from the income limit have an annual income of €87,500.

Source: Irish Independent June 08, 2021 11:03 UTC