Wednesday April 1, 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...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Every time Donald Trump spoke on the Covid-19 crisis last week, the stock markets plunged by another point

Marion McKeone | 2 weeks ago

Big tech firms pledge to pay contract staff through the social-distancing period

Emmet Ryan | 2 weeks ago

Further action may be needed to prevent the Irish economy being sunk, particularly when the global economy remains vulnerable

Ian Guider | 2 weeks ago