No let-up in rush for mortgages

MORTGAGE lending accelerated again in October as the headlong rush to get into the property market continued unabated.

Spurred by the lowest interest rates in history, people have not been scared out of the market by increased concerns of a house price bubble.

Central Bank figures show the value of outstanding mortgages rose by an annual 24.8% to €51.75 billion in the year to the end of October.