Fine Gael TD for Kildare South, Martin Heydon, has urged mortgage holders to engage with a new public consultation announced by the Central Bank in relation to Loan-to-Value and Loan-to-Income Regulations.

“It is really positive to see the Central Bank engaging in a public consultation on the matter of mortgage regulations and I urge anyone affected to have their say.

“The window for submissions to this consultation is from 15th June to 10th August 2016, and the contributions will be used to inform a review of the mortgage rules, which is due to be published in November 2016. This gives mortgage holders a chance to have their say on how the new regulations will impact on them.

“People can learn more about the consultation and make their submission at

“Recently in the Dáil I also raised the topic of first-time-buyers with the Minister for Finance Michael Noonan. I was enquiring about the possibilities of introducing incentives for first-time-buyers to buy their own home. The Minister confirmed to me that he is examining the potential for an approach through the income tax system, in which a relief could be applied to first-time-buyers. This would be most welcome in terms of helping people get on the property ladder, and I will be following up on this initiative with the Minister.”