A new rule which would see house buyers forced to save 20% of a deposit before taking out a mortgage is to be delayed.
It was due to come into place on January 1st, however now the Central Bank reportedly won't meet its own deadline to enforce the new measure.
It comes as the Oireachtas Finance Committee meet this morning to discuss mortgage insurance schemes and how they could work in Ireland.
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The schemes, which would guarantee a portion of mortgages to first time buyers, would allow them to borrow more than the cap of 80 per cent of the property price.
Ross Maguire Senior Counsel and co-founder of New Beginnings says it would also protect them if the property sells for less than they paid for it:
