Mortgage approvals rebound in April, growing 14%

The number of first-time buyers getting approval rose by 17% compared to last year, to 2,828.

Mortgage approvals recovered in April and grew by 14% compared to the same period last year, with the largest increase seen in first-time buyers, new data from the Banking and Payments Federation, Ireland (BPFI) shows.

In total, 4,446 mortgages were approved in April, of which 63.6% were first-time buyers. The number of first-time buyers getting approval rose by 17% compared to last year, to 2,828.