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Nine News: Ray Colgan reports that the Minister for Finance, Brian Lenihan, has said the construction industry faces tough times as the building boom comes to an end
The biggest mortgage lender in the country has tightened its lending criteria for first time buyers.
Permanent TSB was lending home loans that were equal to 92% of the value of a property but it has cut the figure to 90%.
The development is likely to make it more difficult for first time buyers.
The company has also pulled out of the residential buy-to-let market.
