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Mortgage Approvals – August 2017

27th September 2017

Banking & Payments Federation Ireland (BPFI) has published the latest figures from the BPFI Mortgage Approvals Report for August 2017. [1]

The following are the key elements:

  • A total of 3,964 mortgages were approved in August 2017 – some 2,029 (51.2% of total volume) were for first-time buyers (FTBs) while mover purchasers accounted for 1,202 (30.3%)
  • The number of mortgages approved rose by 14.7% year-on-year and declined by 0.2% month-on-month.
  • The value of mortgages approved in August 2017 equated to €842 million – of which €428 million (50.8%) was accounted for by FTBs and €293 million (34.8%) by mover purchasers.
  • The value of mortgage approvals rose by 2% year-on-year and rose by 0.9% month-on-month.

Re-mortgage/switching approval volumes grew 22.6% on a year-on-year basis with activity accounting for 9.5% of the value and  8.9% of the volume of mortgages.

Data collection for the BPFI Mortgage Approvals Report began in September 2012 covering the period from January 2011 onwards in respect of the market’s main mortgage lenders. The BPFI Mortgage Approvals Report August 2017  as well as the time series data file is available on the BPFI website here. The report is also available here.

[1] The full time series of monthly data from January 2011 onwards is available on the BPFI website.

Note: Banking & Payments Federation Ireland is the voice of banking and payments in Ireland, representing over 70 member institutions and associates, including licensed domestic and foreign banks and institutions operating in the financial marketplace here.

Contact: Keira Doyle, Head of Communications, 087 2694460

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