Irish Independent: We are trying to buy a house so what help is available to us?


According to director of Affinity Advisors Peter Gilbourne, Central Bank rules state that mortgage applicants can only borrow up to three-and-a-half times their salary in combination with having their 10% deposit. There are some exemptions to these rules but they can be difficult to avail of due to a variety of factors – not least that banks are not allowed grant exemptions above a certain volume.