Mortgage Measures 

The mortgage measures are an essential element of the Central Bank’s macroprudential policy framework.

The mortgage measures aim to ensure sustainable lending standards in the mortgage market.

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.

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.

Mortgage Measures limits - October 2022 

The Central Bank has set out the key principles of the framework for the macroprudential mortgage measures in its framework document.

The Central Bank regularly monitors the mortgage measures and housing markets more broadly and communicates its findings and judgements on these in its biannual Financial Stability Review.

Evolution of the mortgage measures 2015 - 2021

These measures were first introduced in 2015 and were reviewed on an annual basis until 2021.

The following provides previous reviews of the mortgage measures, associated research and Statutory Instruments.

About the Mortgage Measures Framework Review

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.

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.

For further information see: Mortgage Measures Framework Review

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