Posts Tagged: mortgage

Mortgage approvals see annual rise of 4.1% in August

Mortgage approvals see annual rise of 4.1% in August New figures show that the number of mortgages approved rose by 4.1% in August on an annual basis, while they fell by 15.1% compared to July. The Banking & Payments Federation Ireland, which is urging an extension of the Help to Buy scheme in next month’s… Read more »

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… Read more »

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… Read more »

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… Read more »

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… Read more »

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… Read more »