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Mortgage Approvals  – June 2018

25th July 2018

Banking & Payments Federation Ireland (BPFI) has published the latest figures from the BPFI Mortgage Approvals Report for June 2018.*

The following are the key elements:

  • A total of 4,272 mortgages were approved in June 2018 – some 2,093 (49.0% of total volume) were for first-time buyers (FTBs) while mover purchasers accounted for 1,249 (29.2%).
  • The number of mortgages approved rose by 0.7% year-on-year and fell by 4.5% month-on-month.
  • Mortgages approved in June 2018 were valued at €962 million – of which FTBs accounted for €474 million (49.3%) and €320 million (33.2%) by mover purchasers.
  • The value of mortgage approvals rose by 3.4% year-on-year and fell by 5.1% month-on-month.

Re-mortgage/switching approvals rose on a year-on-year basis – by 64.6% in volume and by 58.4% in value terms.

The annualised volume of mortgage approvals reached 44,153 in the twelve months ending June 2018, marginally (0.07%) higher than the twelve months ending May 2018. The annualised value of approval rose by 0.3% to almost €9. 8 billion.

The only segment in which annualised volumes grew was switching, increasing by 4.4% to 4,807. The fasest growing segment in value terms was still switching where the value of lending rose by 4.1% to €1.1 billion.

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 May 2018  as well as the time series data file is available on the BPFI website here.

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


Note: Banking & Payments Federation Ireland represents 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: Jillian Heffernan, Head of Communications, 087 9016880

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