Despite falling house prices, many potential homebuyers continue to sit on the fence in the hope that prices will fall even further.
However, for those who have decided the time is right for them to climb onto the property ladder, securing a mortgage may be more difficult than it was a few months ago.
Lending criteria have become tighter as lenders battle poor liquidity. Couple that with rising rates due to increased costs of funds to lenders and home buyers can find themselves facing fairly limited borrowing.
Continue reading from source: ThePost.ie
