Fianna Fail has criticised the new mortgage lending rules issued by the Central Bank last night saying they are unfair on families who want to trade up.
Under the measures first time buyers can borrow up to 90% of the value of a home worth up to €220,000.
Other home-buyers however can only borrow up to 80% of a property's value.
Fianna Fail's finance spokesperson Michael McGrath says the limits will force people to stay in unsuitable homes they have outgrown.
He says some people may need to move from an apartment to a house but cannot save the deposit yet they would be able to afford the mortgage.
