June mortgage approvals down 50% from year-earlier level       

Mortgage applications approved in June, when the Covid-19 restrictions on most parts of the economy started to be lifted, rose to 2,263 but were still almost 50% below June 2019

generic stock business news mortgage. Mortgage loan agreement application with key on house shaped keyring. Picture: iStock

Mortgage applications approved in June -- when the Covid-19 restrictions on most parts of the economy started to be lifted -- rose in the month to 2,263 but were still almost 50% below the June 2019 number, the industry group for banks has said.

And for the full three months to the end of June, there were 6,622 new mortgages drawn down, a drop of almost 35% from a year earlier, the Banking and Payments Federation Ireland said.