Mortgage approval rates continue upward trend

Mortgage approval rates continue upward trend

New figures show that mortgage approval rates continued to strengthen last month.

The volume of mortgages approved in May grew by 15%, after growing by 31% in April.

Remortgaging remains the fastest growth area and now accounts for 7% of total lending.

Goodbodies Stockbrokers said the two months of improvement does provide room for optimism with regard to a return of new mortgage lending growth in Ireland.

More on this topic

BOI not planning on price war as AIB announce mortgage lending rates cutBOI not planning on price war as AIB announce mortgage lending rates cut

Irish homeowners with €300k mortgage paying €229 more a month than euro area averageIrish homeowners with €300k mortgage paying €229 more a month than euro area average

Mortgage switching by homeowners at quarter of boom levels despite €10k saving potential Mortgage switching by homeowners at quarter of boom levels despite €10k saving potential

Decision not to change mortgage lending rules 'could see return of ghost estates'Decision not to change mortgage lending rules 'could see return of ghost estates'

More in this Section

UK stock markets pause for breath after plummeting on coronavirus fearsUK stock markets pause for breath after plummeting on coronavirus fears

UK warned it faces ‘tough road ahead’ as red lines drawn ahead of trade talksUK warned it faces ‘tough road ahead’ as red lines drawn ahead of trade talks

Battle lines drawn for Brexit trade talksBattle lines drawn for Brexit trade talks

Capitalism in need of rethink, Bank of England chief economist saysCapitalism in need of rethink, Bank of England chief economist says


Lifestyle

A S the Joker would say, ‘Why so Series X?’ But the next generation of the Xbox isn’t a joke for Microsoft, who have ground to make up on Sony in the console wars. The Redmond team disappointed this generation, making early mistakes that gave Sony all the momentum.GameTech: Get ready for the new Xbox

Cork actor Eanna Hardwicke may have grown up with a Young Offenders star, but he is set to make a name for himself with a string of big roles, writes  Esther McCarthyEanna Hardwicke: Cork actor about to burst onto the big screen

Should we be putting haemorrhoid cream around our eyes? Short answer... Absolutely not.The Skin Nerd: Are celebrity skincare tips all a load of Bullocks?

Peter Dowdall reports on how Blarney Castle's famous yew has bewitched onlookers for six centuriesBewitched: Help Ireland's most popular tree get the vote in Europe

More From The Irish Examiner