Mortgage approvals top €1 billion in May

Mortgage approvals top €1 billion in May

New figures from the Banking & Payments Federation Ireland show that mortgage lending approvals reached over €1 billion in May – the highest monthly total since at least 2011.

A total of 4,473 mortgages were approved in May, with 49.9% of those for first-time buyers while mover purchasers accounted for 27%.

The number of mortgages approved rose by 9.8% year-on-year and by 19.2% month-on-month.

Mortgages approved in May were valued at €1.014 billion, of which first time buyers accounted for €506m and €324m by mover purchasers.

The BPFI said the value of mortgage approvals rose by 4% year-on-year and by 20.3% month-on-month.

It also noted that re-mortgage or switching approvals rose on a year-on-year basis – by 106.0% in value and by 96% in volume terms.

Goodbody economist Dermot O’Leary said that lending for homes grew by 6% so far this year, with all of this growth due to an increase in the size of the average loan.But he noted that the number of loans approved for all categories of lending for home purchase actually fell in the first five months of the year.
There are 10 comments for this article
  1. Norton setup at 7:45 pm

    Great post, I really interesting the way you highlighted some important points.I never seen these type of art in my life ..its really wonderful Thanks very much, I appreciate your post.
    https://manage-notron.com/

  2. Norton setup at 12:52 pm

    such a nice article.
    Thank you very much for your tips.
    You have really done a great job.
    thanks for sharing this and looking forward to seeing more from you.

    https://how-to-activate.net/

  3. Technology World at 8:17 pm

    Thanks for sharing this marvelous post. I m very pleased to read this article.
    Regards- https://offiice-setup.net

  4. Technology World at 8:16 pm

    Thank you so much for sharing such a superb information’s with us. Your website is very cool. we are impressed by the details that you have on your site.we Bookmarked this website. keep it up and again thanks
    Regards- https://manage-offiice.com

  5. easyitsoftwaresolutions at 7:24 pm

    I needed to thank you for this incredible read!! I unquestionably adored each and every piece of it.
    https://my-notron.com/

  6. easyitsoftwaresolutions at 6:39 pm

    amzing website, love it. great work done. Thanx for sharing with us, keep postings
    https://offiicecomms.com/

  7. www. office .com /setup at 8:16 am

    MS Office.com setup can protect your computer from Internet threats by virtue of its features. It can maintain stability and increase the speed with inbuilt PC Optimisation tool.
    http://www-officecomsetup.com

  8. norton.com/setup at 8:15 am

    Norton Antivirus for windows can operate with the maximum device of 5 at once.
    http://www.nortoncomset-up.com

  9. mcafee.com/activate at 8:14 am

    McAfee have the complete set of features which can protect your digital online and offline life of the computing devices and it also increase the speed with inbuilt PC Optimisation tool.
    http://www.mcafeecomactivate.us

  10. norton.com/setup at 8:14 am

    Norton Antivirus for windows can operate with the maximum device of 5 at once. The user can simply create an online account and can add devices to which the user want to add the protection.

Leave a Reply