The Central Bank will not make any changes to the headline mortgage lending rules in its annual review, but could introduce minor amendments to the macroprudential framework.

The Central Bank will announce on November 28 the annual review of the mortgage lending rules, which was introduced at the start of 2015 to put a brake on spiralling house prices, particularly in Dublin. It committed to reviewing the rules on an annual basis.

Under the original macroprudential rules, a mortgage applicant was restricted to a loan cap of three and a half times their salary and a deposit equivalent to 20 per cent of the value of the property.

Initially first-time buyers had to stump up only 10 per cent for the first €220,000 of the…