Category: mortgage

Mortgage approvals rise by 10% in May year on year

Mortgage approvals rise by 10% in May year on year Almost 5,000 mortgages to the value of over €1.1 billion were approved in May, the latest figures from Banking and Payments Federation Ireland show. Over 51% of these were for first-time buyers while mover purchasers accounted for 26.3%. Today’s figures show that the volume of […]

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Mortgage approvals rise by 9.5% in April – BPFI

Mortgage approvals rise by 9.5% in April – BPFI New figures from the Banking and Payments Federation Ireland show that just over 4,100 mortgages were approved in April. This is down slightly month on month, but up 9.5% on an annual basis. The figures show that just over half of those mortgages went to first […]

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Mortgage approvals soar but would-be buyers wait on supply

Mortgage approvals soar but would-be buyers wait on supply NEW figures show the scale of pent-up demand among would-be home buyers with approvals running well ahead of mortgage drawdowns. Figures from the Banking and Payments Federation, which represents lenders, show that 8,577 new mortgages to the value of €1.884bn were drawn down by borrowers during […]

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Increase in value and volume of mortgages drawn down

Increase in value and volume of mortgages drawn down There was an 8.9% increase in the number of mortgages drawn down in Ireland in the first quarter of this year, according to the body representing the banking, payments and fintech sectors. Figures published by the Banking & Payments Federation Ireland show 8,577 new mortgages, to […]

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Significant increase in the number of new mortgages approved in Febraury

Significant increase in the number of new mortgages approved in Febraury New figures show there was a significant increase in the number of new mortgages approved by banks in Ireland last month. According to the data from the Banking and Payments Federation of Ireland, the number of mortgages given the green light during the month […]

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Lenders say law ‘will push up mortgage lending rates’

Lenders say law ‘will push up mortgage lending rates’ LEGISLATION to regulate the sale of mortgages to vulture funds will push up interest rates on home loans, the Banking and Payments Federation said. And the No Consent, No Sale bill will also make it harder for banks to raise finance to fund mortgage lending. This […]

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Mortgage rules and Brexit cause Dublin house prices to fall

Mortgage rules and Brexit cause Dublin house prices to fall Brexit is continuing to cause uncertainty at the upper ends of the property market here. That’s according to agent REA, which says the market has segmented into two groups – those who need to buy and those who are able to choose when they can […]

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New mortgage lending increased to nearly €9bn last year

New mortgage lending increased to nearly €9bn last year New mortgage lending in the Republic rose by €1 billion to nearly €9 billion last year, according to the Central Bank. This was the largest annual increase since 2009. However, the annual total remains low by historical standards. Prior to the crash, new mortgage lending hit […]

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