Mortgage approvals slip amid fall-off in mover-purchasers

Number of first-time buyer approvals declined marginally by 1.4% to 2,822 during August, valued at a combined €920m

During August, there were 4,536 mortgages approved, down 2.5% year-on-year, worth a combined €1.46bn.

Mortgage approvals fell slightly during August as the number of mover-purchasers approved fell by nearly 17% compared to the same month last year, new data from the Banking and Payments Federation, Ireland (BPFI) shows.

During the month, there were 4,536 mortgages approved, down 2.5% year-on-year, worth a combined €1.46bn, up 4.1%. The number of first-time buyer approvals declined marginally by 1.4% to 2,822 during the month, valued at a combined €920m.