Mortgage approvals slip by 8%

The average mortgage for house purchase rose by 1.8%

22nd December, 2015

The number of mortgages approved in the three months to the end of November fell by eight per cent on the year to 2,531, new figures show.

The data, released by the Banking & Payments Federation Ireland, found the value of mortgages fell by 6.6 per cent from the same period last year to €469 million. Of this total, €417 million, or 89 per cent, was for house purchase.

The average size of mortgage for house purchase rose...

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