Banks boost mortgage lending to combat house price decline
Irish banks are beginning to ramp up new mortgage lending to help counteract the house price declines which are causing bigger impairments in their loan books.
Irish banks are beginning to ramp up new mortgage lending to help counteract the house price declines which are causing bigger impairments in their loan books, according to mortgage broker sources.
Lenders, led by market leaders AIB and Bank of Ireland, are aggressively pushing more loans into the severely depressed mortgage market to increase transactions and try to achieve price stability, which could reduce impairment charges the banks have to take on loans in arrears.
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
*New subscribers only
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team