email mobile

logo transparent

Call our team for advice

00353 74 910 3938

Mortgage Approvals Increased

MORTGAGE APPROVALS ON THE RISE

Expert Financial Advice Letterkenny Co Donegal from Advice First and Pascal Curran Mortgage Approvals MORTGAGE LENDING

The BPFI Mortgage Approvals Report (bank & payments federation Ireland) report to the end of July 2014 shows that the number of mortgage approvals rose to an average of 2,555 loans per month for the three months to the end of July, representing a year on year increase of approximately 46.1%.

The value of mortgage approvals increased 54% year on year, with total new mortgage lending expected to exceed €3b in 2014.

Unsurprisingly 92% of mortgage approvals were for house purchase. The average mortgage approval value was €180,751 - up 5.5% year on year, with average mortgage values for house purchase loans being €187,712 - up 5.7% year on year. Mortgages issued tally with approximately 50% of real estates transactions year to date. The avg prices are in urban area's, in Donegal the avg house price is a good bit lower.

If you have any mortgage questions why not give us a call.

 

Sitemap  |  Disclaimer  |  Privacy Notice  |  Terms of Business  |  Mortgage Protection  |  Contact Us
  © Copyright 2019 Advice First Financial Services Limited: Glencar Business Centre, Circular Road, Letterkenny, Co. Donegal Tel: 074 910 3938
Advice First Financial Services Limited: 50 City Quay, D02 F588, Dublin, Ireland  Tel: 01 556 36 38
MEANit Web Design Agency                             Advice First Financial Services Ltd trading as Advice First Financial is regulated by the Central Bank of Ireland.
                      Registered Office: Glencar Business Centre, Circular Road, Letterkenny, Co. Donegal. Registered in Ireland. Company Reg. No. 389627.