Bank branches approved an average of just over one first time buyer mortgage per month in the last three months of last year.
Figures from the Irish Banking Federation (IBF) show that just under 4,000 first-time buyer mortgages, worth a total of €895 million, were issued in the last quarter of 2008. The body estimated that its members operated about 950 bank branches and sub-offices around the country - this equates to four such mortgages...
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