Number of mortgages approved in early 2016 declined by 15%

New figures also show that mortgage switching increased in the three months to the end of February

6th April, 2016
An average of 1,951 mortgages were approved per month

The value of mortgages approved per month was €374 million, down by 14.6 per cent year-on-year.

The BFPI figures also showed that re-mortgaging or switching increased in the period, accounting for around 8.5 per cent of the value of the mortgages approved in the period, up from 4.6 per cent in the same period of 2015.

Analysts noted that Central Bank lending restrictions introduced last year, which set ceilings on the amount that prospective home owners could borrow, were...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Tom Maguire: Tax changes we make now could help business for years

The Daily Briefing

The Daily Briefing