Mortgages issued in Q2 down 64%

THE latest IBF/PwC mortgage market statistics show the number of mortgages issued in Q2 fell by a massive 64% year-on-year to 12,686.

The value of new mortgages written in the second quarter was €2.2 billion and represents an increase on Q1, in line with seasonal trends.

New lending in the second quarter was up 15.4% against the previous quarter, reflecting normal seasonal patterns of stronger mortgage lending in Q2.