Aimed at homeowners wanting to move to smaller homes.
The country's largest bank has announced a new loan which will help people 'downsize' to smaller homes.
Bank of Ireland is launching a pilot scheme in the new year which will allow people to buy a smaller home before they close the sale of their current property.
The Trade Down loan is aimed at homeowners whose children have moved out and would prefer to live in a smaller home.
Clement Herron, owner of Clement Herron Real Estate in Portlaoise says there's downsides to the plan:
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