First-time buyer mortgage drawdowns at highest Q1 level since 2007 - BPFI

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Mortgages approved in March rose by 18.4% compared to February and by 15.8% since last year

Image: Shutterstock/shisu_ka Image: Shutterstock/shisu_ka A TOTAL OF 9,091 new mortgages to the value of €2,142 million were drawn down by borrowers during the first quarter of 2021.

A separate report for March by the BPFI showed that the number of mortgages approved in March rose by 18.4% month-on-month and by 15.8% year-on-year. The Banking & Payments Federation Ireland also published its Mortgage Approvals Report for March, which shows that a total of 4,324 mortgages were approved last month – some 2,394 were for first-time buyers while mover purchasers accounted for 924 .Related Reads 01.12.20 Over 5,200 mortgages approved in October, with surge driven by first-time buyers 28.10.20 Bank defends asking mortgage applicants whether their employer is seeking State Covid assistance 08.07.

 

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