Two banks have stopped offering mortgage exemptions

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Two banks have stopped offering exemptions in a new blow for first time buyers.

According to the Irish Independent, Permanent TSB and KBC have closed off the option of getting an exemption from the Central Bank mortgage borrowing limit rules.

The announcement comes amidst claims that the government's latest housing bill could make the housing crisis worse.

It proposes policies that would reserve 50 percent of future housing estates for first-time buyers and prohibit bulk buying by cuckoo funds.

Rory Hearne, Author and Lecturer in Social Policy at Maynooth University says while the measures are 'important' and 'good steps', he's echoed the calls of many others, who say they don't go far enough.