Mortgage approvals increase slightly

The number of mortgage approvals for all types of house loans rose by less than 2% in November from a year earlier, banking industry figures show, as lending growth continues to be pegged back by limited new housing supply and affordability.

Mortgage approvals rose to 4,182 in November from 4,102 in November 2018, although the value of the loans rose 7.2% over the same period to €960m, according to the Banking and Payments Federation Ireland.