mortgage
Fall in mortgage approvals but market shows resilience
The number of new mortgage approvals in May was nearly 62% lower than the same month last year. According to the Banking and Payments Federation Ireland, the decrease was not unexpected given the scale of the lockdown and physical restrictions due to Covid-19. In total 1,879 new mortgages were approved by lenders here in May […]
Read MoreMortgage approvals down over 40% in April as impact of Covid-19 hits
The level of mortgage approvals fell substantially in April, according to the latest figures from the Banking and Payments Federation. The figures are reflective of the fact that the property market has all but stalled in recent months as the Covid-related shutdown of the economy took effect. Just 2,200 mortgages were approved in April with […]
Read MoreChallenging times ahead as mortgage market looks set to be impacted by Covid-19 crisis
New figures from Banking and Payments Federation Ireland show that a total of 8,728 new mortgages worth €1.996 billion were drawn down by borrowers during the first quarter of 2020. BPFI said this represents an increase 1.8% in volume and 6% in value on the corresponding first quarter of 2019. Today’s figures show a […]
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