Mortgage Measures | Central Bank of Ireland

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href="https://www.centralbank.ie/ga/tomhaltoiri/bearta-morgaiste">GAEILGE</a> </nav> </div> <div class="mobile-menu-wrapper"> <nav aria-labelledby="mobile-nav"> <h3 class="sr-only" id="mobile-nav">In this Section</h3> <div class="sidebar-mobile-menu visible-xs"> <a href="#">Mortgage Measures</a> <ul> <li class=""><a href="/financial-system/financial-stability/macro-prudential-policy/mortgage-measures/mortgage-measures---faq" target="_self">Mortgage Measures - FAQ</a></li> <li class=""><a href="/financial-system/financial-stability/macro-prudential-policy/mortgage-measures/mortgage-measures-framework-review-public-engagement" target="_self">Mortgage Measures Framework Review</a></li> <li class=""><a href="/financial-system/financial-stability/macro-prudential-policy/mortgage-measures/new-mortgage-lending-data" target="_self">New Mortgage Lending - Data and Commentary</a></li> </ul> </div> </nav> </div> <div class="container standard-content"> <div class="sf_cols row"> <div class="col-sm-8 main-content"> <article id="MainContentPlaceholder_T225F410C003_Col00" class="sf_colsIn" data-placeholder-label="Main Content"><h1>Mortgage Measures </h1> <p>The mortgage measures are an essential element of the Central Bank’s macroprudential policy framework.</p> <p>The mortgage measures aim to ensure sustainable lending standards in the mortgage market.</p> <p>In doing so, the measures look to prevent the emergence of an unsustainable relationship between credit and house prices and ultimately support the resilience of borrowers, lenders and the broader economy.</p> <p>The measures work by setting limits on the amount of money that people can borrow to buy residential property using loan-to-income (LTI) and loan-to-value (LTV) limits.</p> <div class="panel panel-default standard-accordion"> <div class="panel-heading" id="heading-LoantoIncome-limit-f48f4c3d-cc6b-4349-b979-159ae065fd0f"> <div class="panel-title"> <a class="collapsed gtm-expanding" role="button" data-toggle="collapse" href="#LoantoIncome-limit-f48f4c3d-cc6b-4349-b979-159ae065fd0f" aria-expanded="false" aria-controls="LoantoIncome-limit-f48f4c3d-cc6b-4349-b979-159ae065fd0f"> <strong class="gtm-expanding">Loan-to-Income limit</strong> </a> </div> </div> <div id="LoantoIncome-limit-f48f4c3d-cc6b-4349-b979-159ae065fd0f" class="panel-collapse collapse " aria-labelledby="heading-LoantoIncome-limit-f48f4c3d-cc6b-4349-b979-159ae065fd0f" aria-expanded="false" style="height: 0px;"> <div class="panel-body"> <p>The LTI limit restricts the amount of money you can borrow to a maximum of 4 times gross income for first-time-buyers and 3.5 times gross income for second/subsequent buyers.</p> <p>So, for example, a first-time buyer couple with a combined income of €100,000 can borrow up to a maximum of €400,000.</p> <p>A second and subsequent buyer with the same income can borrow up to a maximum of €350,000.</p> </div> </div> </div> <div class="panel panel-default standard-accordion"> <div class="panel-heading" id="heading-LoantoValue-limit-fffe5c97-a072-4833-8d4a-3bea5e1b2487"> <div class="panel-title"> <a class="collapsed gtm-expanding" role="button" data-toggle="collapse" href="#LoantoValue-limit-fffe5c97-a072-4833-8d4a-3bea5e1b2487" aria-expanded="false" aria-controls="LoantoValue-limit-fffe5c97-a072-4833-8d4a-3bea5e1b2487"> <strong class="gtm-expanding">Loan-to-Value limit</strong> </a> </div> </div> <div id="LoantoValue-limit-fffe5c97-a072-4833-8d4a-3bea5e1b2487" class="panel-collapse collapse " aria-labelledby="heading-LoantoValue-limit-fffe5c97-a072-4833-8d4a-3bea5e1b2487" aria-expanded="false" style="height: 0px;"> <div class="panel-body"> <p>The LTV limit requires you to have a minimum deposit before you can get a mortgage. The size of this deposit depends on which category of buyer you are.</p> <ul> <li>First-time-buyers and second/subsequent buyers need to have a minimum deposit of 10%</li> <li>Buy-to-let buyers need to have a minimum deposit of 30%.</li> </ul> </div> </div> </div> <div class="panel panel-default standard-accordion"> <div class="panel-heading" id="heading-Allowances-8d247bc0-6850-4a2e-b62f-dc376e9cec92"> <div class="panel-title"> <a class="collapsed gtm-expanding" role="button" data-toggle="collapse" href="#Allowances-8d247bc0-6850-4a2e-b62f-dc376e9cec92" aria-expanded="false" aria-controls="Allowances-8d247bc0-6850-4a2e-b62f-dc376e9cec92"> <strong class="gtm-expanding">Allowances</strong> </a> </div> </div> <div id="Allowances-8d247bc0-6850-4a2e-b62f-dc376e9cec92" class="panel-collapse collapse " aria-labelledby="heading-Allowances-8d247bc0-6850-4a2e-b62f-dc376e9cec92" aria-expanded="false" style="height: 0px;"> <div class="panel-body"> <p>Banks and other lenders can lend a certain amount above the limits.</p> <p>The proportion of lending allowed above the limits applies at the level of the borrower type, such that:</p> <ul> <li>15 per cent of first-time-buyer lending can take place above the limits.</li> <li>15 per cent of second and subsequent buyer lending can take place above the limits.</li> <li>10 per cent of buy-to-let-buyer lending can take place above the limits.</li> </ul> </div> </div> </div><img src="/images/default-source/financial-system-images/infographics/mm-oct-2022-infographic-756x1387px.png?sfvrsn=2f1f951d_3" data-displaymode="Original" alt="Mortgage Measures limits - October 2022" title="Mortgage Measures limits - October 2022" />  <p>The Central Bank has set out the key principles of the framework for the macroprudential mortgage measures in its <a href="/docs/default-source/financial-system/financial-stability/macroprudential-policy/mortgage-measures/framework-macroprudential-mortgage-measures.pdf" target="_blank" title="framework document">framework document.</a></p> <p>The Central Bank regularly monitors the mortgage measures and housing markets more broadly and communicates its findings and judgements on these in its biannual <a href="/publication/financial-stability-review" title="Financial Stability Review" target="_blank">Financial Stability Review</a>.</p> <h2>Evolution of the mortgage measures 2015 - 2021</h2> <p>These measures were first introduced in 2015 and were reviewed on an annual basis until 2021.</p> <p>The following provides previous reviews of the mortgage measures, associated research and Statutory Instruments.</p> <div class="panel panel-default standard-accordion"> <div class="panel-heading" id="heading-Previous-Reviews-of-Mortgage-Measures-edbf9119-ec75-4443-bdaa-231b56bb1529"> <div class="panel-title"> <a class="collapsed gtm-expanding" role="button" data-toggle="collapse" href="#Previous-Reviews-of-Mortgage-Measures-edbf9119-ec75-4443-bdaa-231b56bb1529" aria-expanded="false" aria-controls="Previous-Reviews-of-Mortgage-Measures-edbf9119-ec75-4443-bdaa-231b56bb1529"> <strong class="gtm-expanding">Previous Reviews of Mortgage Measures</strong> </a> </div> </div> <div id="Previous-Reviews-of-Mortgage-Measures-edbf9119-ec75-4443-bdaa-231b56bb1529" class="panel-collapse collapse " aria-labelledby="heading-Previous-Reviews-of-Mortgage-Measures-edbf9119-ec75-4443-bdaa-231b56bb1529" aria-expanded="false" style="height: 0px;"> <div class="panel-body"> <p><a href=" https://www.centralbank.ie/docs/default-source/publications/financial-stability-review/financial-stability/financial-stability-review-2021-ii.pdf#page=66" target="_blank" title="2021 Review of Mortgage Measures (FSR 2021:II)">2021 Review of Mortgage Measures (FSR 2021:II)</a></p> <p><a href="https://www.centralbank.ie/docs/default-source/publications/financial-stability-review/financial-stability/financial-stability-review-2020-ii.pdf#page=85" title="2020 Review of Mortgage Measures (FSR 2020:II)" target="_blank">2020 Review of Mortgage Measures (FSR 2020:II)</a></p> <p><a href="https://www.centralbank.ie/docs/default-source/publications/financial-stability-review/financial-stability/financial-stability-review-2019-ii.pdf#page=42" title="2019 Review of Mortgage Market Measures (FSR 2019:II)" target="_blank">2019 Review of Mortgage Market Measures (FSR 2019:II)</a></p> <p><a href="/docs/default-source/financial-system/financial-stability/macroprudential-policy/policy-documents/2018-review-of-mortgage-market-measures.pdf?sfvrsn=2c4b61d_6" title="2018 Review of Mortgage Market Measures" target="_blank">2018 Review of Mortgage Market Measures</a></p> <p><a href="/docs/default-source/financial-system/financial-stability/macroprudential-policy/policy-documents/2017-review-of-mortgage-market-measures5485cb134644629bacc1ff0000269695.pdf?sfvrsn=f5c1a91d_4" title="2017 Review of Mortgage Market Measures" target="_blank">2017 Review of Mortgage Market Measures</a></p> <p><a href="/docs/default-source/financial-system/financial-stability/macroprudential-policy/policy-documents/2016-review-of-residential-mortgage-lending-requirements.pdf?sfvrsn=86c4da1d_12" title="2016 Review of Mortgage Market Measures" target="_blank">2016 Review of Mortgage Market Measures</a></p> </div> </div> </div> <div class="panel panel-default standard-accordion"> <div class="panel-heading" id="heading-Research-Papers-5e8acae2-e440-4349-94f3-9233272c8076"> <div class="panel-title"> <a class="collapsed gtm-expanding" role="button" data-toggle="collapse" href="#Research-Papers-5e8acae2-e440-4349-94f3-9233272c8076" aria-expanded="false" aria-controls="Research-Papers-5e8acae2-e440-4349-94f3-9233272c8076"> <strong class="gtm-expanding">Research Papers</strong> </a> </div> </div> <div id="Research-Papers-5e8acae2-e440-4349-94f3-9233272c8076" class="panel-collapse collapse " aria-labelledby="heading-Research-Papers-5e8acae2-e440-4349-94f3-9233272c8076" aria-expanded="false" style="height: 0px;"> <div class="panel-body"> <p>The regulations have been based on in-depth economic analysis and empirical evidence. This research has been published and can be found below.</p> <p><a href="/docs/default-source/financial-system/loan-to-value-and-loan-to-income-restrictions/gns-2-1-1-1macroprudential-lending.pdf" target="_blank" title="Economic Letter: Macroprudential Measures and Irish Mortgage Lending: A Review of Recent Data">Economic Letter: Macroprudential Measures and Irish Mortgage Lending: A Review of Recent Data</a></p> <p><a href="/docs/default-source/financial-system/financial-stability/macroprudential-policy/policy-paper-the-introduction-of-macroprudential-measures-for-the-irish-mortgage-marketfd1db8134644629bacc1ff0000269695.pdf?sfvrsn=0" target="_blank" title="Policy Paper: The Introduction of Macroprudential Measures for the Irish Mortgage Market">Policy Paper: The Introduction of Macroprudential Measures for the Irish Mortgage Market</a></p> <p><a href="/docs/default-source/publications/research-technical-papers/research-technical-paper-06rt15.pdf" title="Research Technical Paper: Credit conditions, macro-prudential policy and house prices" target="_blank">Research Technical Paper: Credit conditions, macro-prudential policy and house prices</a></p> <p><a href="/docs/default-source/publications/research-technical-papers/research-technical-paper-02rt15.pdf?" target="_blank" title="Research Technical Paper: Designing macroprudential policy in mortgage lending: Do first-time-buyers default less?">Research Technical Paper: Designing macroprudential policy in mortgage lending: Do first-time-buyers default less?</a></p> <p><a href="/docs/default-source/publications/economic-letters/economic-letter---vol-2014-no-14.pdf?sfvrsn=10" title="Economic Letter: Do First time buyers default less? Implications for macro-prudential policy" target="_blank">Economic Letter: Do First time buyers default less? Implications for macro-prudential policy</a></p> <p><a href="/docs/default-source/publications/economic-letters/economic-letter---vol-2015-no-5.pdf?sfvrsn=10" title="Economic Letter: Mortgage insurance in an Irish context" target="_blank">Economic Letter: Mortgage insurance in an Irish context</a></p> <p><a href="/docs/default-source/publications/economic-letters/economic-letter---vol-2015-no-2.pdf" title="Economic Letter: House price volatility: The role of different buyer types" target="_blank">Economic Letter: House price volatility: The role of different buyer types</a></p> <p><a href="/docs/default-source/publications/economic-letters/economic-letter---vol-2015-no-3.pdf" title="Economic Letter: Assessing the impact of macro-prudential measures" target="_blank">Economic Letter: Assessing the impact of macro-prudential measures</a></p> <p><a href="/docs/default-source/publications/economic-letters/economic-letter---vol-2015-no-4.pdf" title="Economic Letter: Macro-prudential measures and the housing market" target="_blank">Economic Letter: Macro-prudential measures and the housing market</a></p> <p><a href="/docs/default-source/publications/economic-letters/economic-letter---vol-2014-no-10.pdf" title="Economic Letter: Macro-prudential Tools and Credit Risk of Property Lending at Irish banks">Economic Letter: Macro-prudential Tools and Credit Risk of Property Lending at Irish banks</a></p> <p><a href="/docs/default-source/publications/economic-letters/vol-2016-no--11.pdf?sfvrsn=f230dc1d_20" title="Economic Letter: Assessing the sustainability of Irish residential property prices: 1980 Q1 - 2016 Q2">Economic Letter: Assessing the sustainability of Irish residential property prices: 1980 Q1 - 2016 Q2</a></p> <p><a href="/docs/default-source/publications/economic-letters/economic-letter-vol-2016-no-12.pdf?sfvrsn=4" title="Economic Letter: Housing supply after the crisis">Economic Letter: Housing supply after the crisis</a></p> <p><a href="/docs/default-source/publications/economic-letters/economic-letter-vol-2016-no-13.pdf?sfvrsn=4" title="Economic Letter: Exploring developments in Ireland's regional rental markets">Economic Letter: Exploring developments in Ireland's regional rental markets</a></p> <p><a href="/docs/default-source/publications/economic-letters/economic-letter-vol-2016-no-14.pdf?sfvrsn=4" title="Economic Letter: Modelling Irish Rents: Recent Developments in Historical Context">Economic Letter: Modelling Irish Rents: Recent Developments in Historical Context</a></p> <p><a href="/docs/default-source/publications/economic-letters/economic-letter-vol-2016-no-6.pdf?sfvrsn=4" title="Economic Letter: Macroprudential Measures and Irish Mortgage Lending: Insights from H1 2016">Economic Letter: Macroprudential Measures and Irish Mortgage Lending: Insights from H1 2016</a></p> <p><a href="/docs/default-source/publications/economic-letters/economic-letter-vol-2016-no-08.pdf?sfvrsn=4" title="Economic Letter: The Effects of Macroprudential Policy on Borrowers Leverage">Economic Letter: The Effects of Macroprudential Policy on Borrowers Leverage</a></p> <p><a href="/docs/default-source/publications/economic-letters/economic-letter-vol-2016-no-09.pdf?sfvrsn=4" title="Economic Letter: Model-based estimates of the resilience of mortgages at origination">Economic Letter: Model-based estimates of the resilience of mortgages at origination</a></p> <p><a href="/docs/default-source/publications/economic-letters/economic-letter-vol-2016-no-10.pdf" title="Economic Letter: Originating Loan to Value ratios and the resilience of mortgage portfolios">Economic Letter: Originating Loan to Value ratios and the resilience of mortgage portfolios</a></p> <p><a href="/docs/default-source/publications/economic-letters/vol-2017-no-5-the-income-distribution-and-the-irish-mortgage-market.pdf?" target="_blank" title="Economic Letter: The income distribution and the Irish mortgage market">Economic Letter: The income distribution and the Irish mortgage market</a></p> <p><a href="/docs/default-source/publications/economic-letters/vol-2017-no-6---macroprudential-and-irish-mortgage-lending-an-overview-of-lending-in-2016-kinghan-lyons-mccarthy-and-o'toole.pdf" target="_blank" title="Economic Letter: Macroprudential and Irish mortgage lending: An overview of lending in 2016">Economic Letter: Macroprudential and Irish mortgage lending: An overview of lending in 2016</a></p> <p><a href="/docs/default-source/publications/economic-letters/vol.2017-no.13-macroprudential-measures-and-irish-mortgage-lending-insights-from-h1-2017-(kinghan-lyons-mccarthy).pdf?" target="_blank" title="Economic Letter: Macroprudential measures and Irish mortgage lending: Insights from H1 2017">Economic Letter: Macroprudential measures and Irish mortgage lending: Insights from H1 2017</a></p> <p><a href="/docs/default-source/publications/economic-letters/vol-2018-no-5-new-mortgage-lending-activity-in-a-comparative-context-(keenan-and-o'brien).pdf" target="_blank" title="Economic Letter: New mortgage lending activity in a comparative context">Economic Letter: New mortgage lending activity in a comparative context</a></p> <p><a href="/docs/default-source/publications/financial-stability-notes/no-1-2018-macroprudential-measures-and-irish-mortgage-lending-an-overview-of-2017-(kinghan-lyons-mazza).pdf?" target="_blank" title="Financial Stability Note: Macroprudential measures and Irish mortgage lending: An overview of 2017">Financial Stability Note: Macroprudential measures and Irish mortgage lending: An overview of 2017</a></p> <p> <a href="/docs/default-source/publications/financial-stability-notes/no-8--macroprudential-measures-and-irish-mortgage-lending-insights-from-h1-2018-(kinghan).pdf?" target="_blank" title="Financial Stability Note: Macroprudential measures and Irish mortgage lending: Insights from H1 2018">Financial Stability Note: Macroprudential measures and Irish mortgage lending: Insights from H1 2018</a></p> <p><a href="/docs/default-source/publications/financial-stability-notes/no-8-lending-above-macroprudential-mortgage-limits-the-irish-experiences-since-2015-(kinghan-and-mccann).pdf?" target="_blank"></a></p> <p><a href="/docs/default-source/publications/financial-stability-notes/no-8-lending-above-macroprudential-mortgage-limits-the-irish-experiences-since-2015-(kinghan-and-mccann).pdf?" target="_blank" title="Financial Stability Note: Lending above macroprudential mortgage limits: The Irish experience since 2015">Financial Stability Note: Lending above macroprudential mortgage limits: The Irish experience since 2015</a></p> <p><a href="/docs/default-source/publications/financial-stability-notes/no-8-lending-above-macroprudential-mortgage-limits-the-irish-experiences-since-2015-(kinghan-and-mccann).pdf?" target="_blank"></a></p> <p><a href="/docs/default-source/publications/financial-stability-notes/no.-14-have-first-time-buyers-continued-to-default-less.pdf?" target="_blank" title="Financial Stability Note: Have First-Time Buyers continued to default less?">Financial Stability Note: Have First-Time Buyers continued to default less?</a></p> <p><a href="/docs/default-source/publications/financial-stability-notes/no--13-mortgage-servicing-burdens-and-lti-caps.pdf?" target="_blank" title="Financial Stability Note: Mortgage servicing burdens and LTI caps">Financial Stability Note: Mortgage servicing burdens and LTI caps</a></p> <p><a href="/docs/default-source/publications/financial-stability-notes/no--13-mortgage-servicing-burdens-and-lti-caps.pdf?" target="_blank"></a></p> <p><a href="/docs/default-source/publications/financial-stability-notes/no.-12-a-measure-of-bindingness-in-the-irish-mortgage-market.pdf?" target="_blank" title="Financial Stability Note: A measure of bindingness in the Irish mortgage market">Financial Stability Note: A measure of bindingness in the Irish mortgage market</a></p> <p> <a href="/docs/default-source/publications/financial-stability-notes/lti-fsn-public.pdf?" target="_blank" title="Financial Stability Note: Mortgage borrowers at the loan-to-income limit">Financial Stability Note: Mortgage borrowers at the loan-to-income limit</a></p> <p><a href="/docs/default-source/publications/financial-stability-notes/no-15-mortgage-repayment-affordability-across-the-income-distribution-(kelly-and-mazza).pdf" target="_blank" title="Financial Stability Note: Mortgage repayment affordability across the income distribution">Financial Stability Note: Mortgage repayment affordability across the income distribution</a> </p> <p><a href="/docs/default-source/publications/financial-stability-notes/no-15-mortgage-repayment-affordability-across-the-income-distribution-(kelly-and-mazza).pdf" target="_blank"></a></p> <p><a href="/docs/default-source/publications/financial-stability-notes/no-16-an-overview-of-the-irish-housing-market-(kennedy-and-myers).pdf" target="_blank" title="Financial Stability Note: An overview of the Irish housing market">Financial Stability Note: An overview of the Irish housing market</a></p> </div> </div> </div> <div class="panel panel-default standard-accordion"> <div class="panel-heading" id="heading-Statutory-Instruments-fc8346cf-5561-4d51-ab15-35d4582d8c55"> <div class="panel-title"> <a class="collapsed gtm-expanding" role="button" data-toggle="collapse" href="#Statutory-Instruments-fc8346cf-5561-4d51-ab15-35d4582d8c55" aria-expanded="false" aria-controls="Statutory-Instruments-fc8346cf-5561-4d51-ab15-35d4582d8c55"> <strong class="gtm-expanding">Statutory Instruments</strong> </a> </div> </div> <div id="Statutory-Instruments-fc8346cf-5561-4d51-ab15-35d4582d8c55" class="panel-collapse collapse " aria-labelledby="heading-Statutory-Instruments-fc8346cf-5561-4d51-ab15-35d4582d8c55" aria-expanded="false" style="height: 0px;"> <div class="panel-body"> <p><a href="/docs/default-source/financial-system/financial-stability/macroprudential-policy/mortgage-measures/2022-regulations-(statutory-instrument-no.-546-of-2022).pdf?sfvrsn=27c69a1d_1" title="2022 Regulations (Statutory Instrument No. 546 of 2022)">2022 Regulations (Statutory Instrument No. 546 of 2022)</a></p> <p>The following Statutory Instruments will be revoked with effect from 1 January 2023</p> <p><a href="http://www.irishstatutebook.ie/eli/2015/si/47/" title="This link will open in a new window" target="_blank">2015 Regulations (Statutory Instrument No. 47 of 2015)</a></p> <p><a href="http://www.irishstatutebook.ie/eli/2016/si/568/" title="This link will open in a new window" target="_blank">2016 Regulations (Statutory Instrument No. 568 of 2016)</a></p> <p><a href="http://www.irishstatutebook.ie/eli/2017/si/559/made/en/print?q=559&years=2017" title="This link will open in a new window" target="_blank">2017 Regulations (Statutory Instrument No. 559 of 2017)</a></p> <p><a href="http://www.irishstatutebook.ie/eli/2019/si/369/made/en/pdf" title="This link will open in a new window" target="_blank">2019 Regulations (Statutory Instrument No. 369 of 2019)</a></p> <p><a href="https://www.irishstatutebook.ie/eli/2021/si/666/made/en/print?q=SI+666%20" title="This link will open in a new window" target="_blank">2021 Regulations (Statutory Instrument No. 666 of 2021)</a></p> </div> </div> </div> <div class="panel panel-default standard-accordion"> <div class="panel-heading" id="heading-Previous-Consultations-fc75ddca-deb7-4359-bf5d-3b892b415b2a"> <div class="panel-title"> <a class="collapsed gtm-expanding" role="button" data-toggle="collapse" href="#Previous-Consultations-fc75ddca-deb7-4359-bf5d-3b892b415b2a" aria-expanded="false" aria-controls="Previous-Consultations-fc75ddca-deb7-4359-bf5d-3b892b415b2a"> <strong class="gtm-expanding">Previous Consultations</strong> </a> </div> </div> <div id="Previous-Consultations-fc75ddca-deb7-4359-bf5d-3b892b415b2a" class="panel-collapse collapse " aria-labelledby="heading-Previous-Consultations-fc75ddca-deb7-4359-bf5d-3b892b415b2a" aria-expanded="false" style="height: 0px;"> <div class="panel-body"> <p>The regulations were also informed by a public consultation issued in 2014. The Central Bank of Ireland published a feedback document providing an overview of responses to the submissions made during the consultation process and the review process undertaken by the Central Bank of Ireland.</p> <p>For further information see: <a href="/publication/consultation-papers/consultation-paper-detail/cp87-macro-prudential-policy-for-residential-mortgage-lending" title="CP87 Macro-prudential policy for residential lending">CP87 Macro-prudential policy for residential lending</a>.</p> </div> </div> </div><h2>About the Mortgage Measures Framework Review</h2> <p>Over the course of 2021 and 2022, the Central Bank conducted a review of the mortgage measures framework. The purpose of the review was to ensure that the mortgage measures continue to remain fit for purpose, in light of the evolution of the financial system and the broader economy since the measures were first introduced in 2015.</p> <p>The review considered the overall framework for, and strategy around, the mortgage measures. The conclusions of the review were informed by the Central Bank’s analysis of a wide range of evidence, lessons from international experience and the feedback received through engagement with the public and other stakeholders. The review concluded in October 2022 with the publication of the revised framework for macroprudential mortgage measures.</p> <p> For further information see: <a href="/financial-system/financial-stability/macro-prudential-policy/mortgage-measures/mortgage-measures-framework-review-public-engagement" title="Mortgage Measures Framework Review">Mortgage Measures Framework Review</a></p> <p><strong>See also:</strong></p> <ul> <li><a href="/consumer-hub/explainers/what-are-the-mortgage-measures" title="Explainer – What are the Mortgage Measures?">Explainer – What are the Mortgage Measures?</a></li> <li><a href="/financial-system/financial-stability/macro-prudential-policy/mortgage-measures/mortgage-measures---faq" title="Mortgage Measures - FAQ">Mortgage Measures - FAQ</a> </li> <li><a href="/docs/default-source/financial-system/financial-stability/macroprudential-policy/mortgage-measures/framework-macroprudential-mortgage-measures.pdf" target="_blank" title="Central Bank of Ireland's framework for macroprudential mortgage measures">Central Bank of Ireland's framework for macroprudential mortgage measures</a></li> </ul> </article> </div> <div id="MainContentPlaceholder_T225F410C003_Col01" class="sf_colsIn col-sm-4 rhs" data-placeholder-label="General Righ hand side"> <nav aria-labelledby="rhsheadingtwo"> <h3 class="sidebar-heading-icon icon-bars hidden-xs" id="rhsheadingtwo"> In this Section </h3> <div class="right-sidebar hidden-xs"> <ul class="left-nav"> <li class="first-level-child active"> <a href="/financial-system/financial-stability">Financial Stability</a> <ul id="MainContentPlaceholder_T225F410C009_ctl00_ctl00_ctl03_ctl00_childNodesContainer"> <li class="second-level-child active"> <a href="/financial-system/financial-stability/macro-prudential-policy">Macroprudential Policy </a> <ul id="MainContentPlaceholder_T225F410C009_ctl00_ctl00_ctl03_ctl00_ctl01_childNodesContainer"> <li class="third-level-child active"> <a 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