Advertisement

We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

Eamonn Farrell/Photocall Ireland

Poll: How much of a deposit should house-buyers need?

The Taoiseach could be getting involved, but is he right to?

THE CENTRAL BANK recently announced that it is planning new rules around how much a home owner will need in a deposit.

Effectively, the rules mean the majority of home buyers will need a 20% deposit, as opposed to the customary 10%.

Reports today suggest that Taoiseach Enda Kenny is planning a work-around for this plan, however. The Taoiseach’s intervention would allow people to pay a 10% deposit.

But how much should people pay?

We’re asking: How much of a deposit should house-buyers need?


Poll Results:

10-15% (3609)
5-10% (2411)
15-20% (1574)
0-5% (450)
Over 21% (395)

Read: Buying a house? Here’s what you need to be earning under the new rules

Readers like you are keeping these stories free for everyone...
A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

Close
73 Comments
    Submit a report
    Please help us understand how this comment violates our community guidelines.
    Thank you for the feedback
    Your feedback has been sent to our team for review.
    JournalTv
    News in 60 seconds