I HAVE A FULL-TIME job with a pension paid by the government of Ireland, have owned a home, have 10,000 euro in savings yet I cannot qualify for a mortgage because of rules set by the Central Bank of Ireland. Consequently, our two-income family now blocks lower income families who may have a greater need to rent the bungalow we occupy. Our annual household income tops €150,000 yet because our monthly commitments include €1050 of childcare and €250 for a car payment, we fail a litmus test put in place by mortgage regulators. We need to get a banger of a car when both kids get into primary school plus we need another €10,000 of spare change to climb back into the property market. In the meantime, “the mortgage market is poised to grind to a halt as banks run up against Central Bank limits on lending to home buyers,” writes Emma Kennedy on the front page of the Sunday Business Post.  We discovered some Irish banks can breach rules set by the Central Bank but each of the banks appear to have different mechanisms in place when underwriting property loans. In our experience, EBS has the tightest rules (and the lowest interest rates). The Bank of Ireland has several instruments that can encumber future assets as a method of reducing the immediate need for real cash on hand. It is also apparent that you can get a more flexible mortgage arrangement at the beginning of the year. The Central Bank knows these things, telling the SBP it was “continuing to monitor the implementation of measures on an ongoing basis”. That means no hope for us this year. 1. Emma Kennedy – “How the banks face a mortgage lockdown” on the front page of the Sunday Business Post, September 20, 2015. [Sent to Typepad via Outlook Mail for Windows 10 using Three Ireland on Lumia 1520.