New Mortgage Approvals Continue to Grow in March

  • Latest figures show 6.8% increase in mortgage approvals on a monthly basis with the value of approvals up by 15.9%

The rate of new mortgage approvals continued to grow in March according to the latest IBF Mortgage Approvals Report which tracks the number of new mortgages approved by mainstream lenders.

The latest figures from the report show that 1,167 mortgages were approved during March to the value of €196m – some €186m of which was for house purchase. Though down on an annual basis, this represents a volume increase of 6.8% and a value increase of 15.9% over the month of February.

Data collection for the IBF Mortgage Approvals Report began in August 2012 covering the period from January 2011 onwards in respect of the market’s main mortgage lenders. The report can be viewed on the IBF website here.

Notes: The Irish Banking Federation (IBF) is the principal voice of the banking and financial services sector in Ireland, representing over 70 member institutions and associates, including licensed domestic and foreign banks and institutions operating in the financial marketplace here.

Contact: Jillian Heffernan, Marketing Communications Manager, IBF, ph: 01 474 8835 / 087 9016880