Banks ‘are cherry-picking best mortgage customers’

BANKS have been accused of “cherry-picking” who they want to give mortgages to as brokers claim people can’t secure loans despite the number of applications increasing.

This news comes as figures from the Central Bank show that demand for loans from households for house purchases increased marginally during the second-quarter of this year whereas the demand for consumer lending decreased.

Operations manager with Irish Mortgage Brokers, Karl Deeter said banks will claim they are lending but on the ground it’s an “entirely different story”.