Wednesday September 23, 2020

New mortgage lending rises by 18% in the second quarter to €1.29 billion

More than 6,800 mortgages were drawn down, new figures show

9th August, 2016
More than 6,800 mortgages were drawn down in the second quarter

The data, released by the Banking & Payments Federation Ireland (BPFI) showed that in volume terms, lending was up by 11 per cent on the year and by 25 per cent on the quarter.

The average mortgage drawdown by both first-time buyers and mover purchasers rose to its highest level in five years, the BPFI said, adding the average first-time buyer mortgage stood at €182,894 in the quarter.

Switching continued to increase with 493 loans worth €108...

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