Mortgage lending surge as clarity sought on deposits

There was a massive jump in mortgage lending for the three-month period to the end of November compared with the same period last year. 

According to figures released by the Banking and Payments Federation Ireland, there was a 52.8% increase in the number of mortgages approved for the September to November period.

There were an average of 2,752 mortgages sanctioned per month. The value of mortgages issued over the three months was €502m, which is 56.4% higher than the same period in 2013.