New Mortgage Lending in Q4 201418th February 2015
- 7,583 mortgages to a value of €1.3 billion drawn down in Q4 2014
- Total of 22,119 mortgages to a value of €3.9 billion drawn down in 2014
- Loan volumes in Q4 2014 up 45.7% year-on-year, 20.2% quarter-on-quarter
The BPFI/PwC Mortgage Market Profile, published today, provides an account of mortgage lending activity during the fourth quarter (Q4) of 2014 and the year as a whole.
The following are the key elements:
- A total of 7,583 mortgage loans were drawn down in Q4 2014 to the value of €1.3 billion.
- During 2014 a total of 22,119 mortgages were drawn down to a value of €3.9 billion.
- The number of mortgages drawn down in Q4 2014 rose by 45.7% compared to the same quarter in 2013 (year-on-year) and by 20.2% compared to Q3 2014 (quarter-on-quarter).
- In 2014 First Time Buyers remained the largest segment of the market in value terms accounting for 49% with Mover Purchasers accounting for 43%, meaning that 92% of mortgage credit was taken out by house purchasers.
This graph presents the trend in the volume of mortgage approvals and mortgage drawdowns:
The BPFI/PwC Mortgage Market Profile can be viewed on the web here.
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: Jillian Heffernan, Head of Communications, BPFI, ph: 01 474 8835 / 087 9016880