New figures show November mortgage approvals were lower than in 2020

BFPI numbers illustrate the continued slowdown in mortgage approval volumes compared to the previous year

The number of mortgages approved in November 2021 was up 8.6% over the previous month — but it was 4.6% lower than the equivalent figure in November 2020. Stock picture

The number of mortgages approved by Irish banks slowed in November, new figures show.

A total of 4,959 mortgages were approved in the month, an 8.6% increase compared to October but a 4.6% fall compared to November 2020.