What do the Central Bank regulations mean for deposits? Here’s the sums

28 Jan 2015

Central Bank

 

Central Bank

 

What do the Central Bank regulations mean for deposits?  

Following the Central Bank’s decision to implement new deposit rates of 10% for the first €220,000 borrowed and 20% for any sum exceeding that level, there have been questions about what kind of deposit will be required for different loan values.  Below is an outline of the sums involved.  

 

 

Total property value

Deposit required @ 10% Deposit required @ 20% Total deposit required Mortgage value

Deposit as percentage 

of total property value

€100,000 €10,000 0 €10,000 €90,000 10
€150,000 €15,000 0 €15,000 €135,000 10
€200,000 €20,000 0 €20,000 €160,000 10
€220,000 €22,000 0 €22,000 €198,000 10
€250,000 €22,000 €6,000 €28,000 €222,000 11.2
€300,000 €22,000 €16,000 €38,000 €262,000 12.67
€350,000 €22,000 €26,000 €48,000 €302,000 13.71
€400,000 €22,000 €36,000 €58,000 €342,000 14.5
€450,000 €22,000 €46,000 €68,000 €382,000 15.11
€500,000 €22,000 €56,000 €78,000 €422,000 15.6
€550,000 €22,000 €66,000 €88,000 €462,000 16
€600,000

€22,000

€76,000

€98,000

€502,000

16.33
€650,000 €22,000 €86,000 €108,000 €542,000 16.62
€700,000

€22,000

€96,000

€118,000

€582,000

16.86
€750,000 €22,000 €106,000 €128,000 €622,000 17.07
€800,000 €22,000 €116,000 €138,000 €662,000 17.25
€850,000 €22,000 €126,000 €148,000 €702,000 17.41
€900,000 €22,000 €136,000 €158,000 €742,000 17.56
€950,000 €22,000 €146,000 €168,000 €782,000 17.68
€1,000,000 €22,000 €156,000 €178,000 €822,000 17.8

 

 

 

Join the Construction Industry Federation