We were asked to discuss mortgage lending rules with Matt Cooper on the ‘Last Word’ on Today FM along with Dermot O’Leary from Goodbody Stockbrokers.

Our general view is that the Central Bank is playing two different hands at the same table, on one hand they have low rates which push up property prices, on the other they try to keep prices down with MacroPrudential rules.

This hasn’t been working and all it does is ensure that the wealth doesn’t accrue to regular households and instead ends up in the hands of those who can afford to buy assets. This is a mistake and we explain both this and some of the other issues involved in the segment.