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Bank of Ireland (Ireland) Message Board

  • pepepepo63 pepepepo63 Feb 19, 2013 8:23 AM Flag

    Next » Mortgage lending up 56% in fourth quarter of 2012

    Just over 6,000 mortgages to a value of €999m were issued over the final quarter of last year.

    New figures from the Irish Banking Federation show mortgage lending was up 56% in value terms and almost 57% in terms of the volume of loans issued compared to the same quarter in 2011.

    The level of mortgage lending is still at its lowest level in over three decades but the latest IBF figures show substantial year-on-year and quarter-on-quarter growth.

    First time buyers now represent three out of every five new mortgage loans. Home owners moving to a new property represent just over one in four loans.

    Lending levels are still dramatically below those seen at the peak of the market. Over the last three months of 2007 37,700 home loans to a value of €8.3 billion were advanced to borrowers.

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    • UNbelievable growth moving forward. Out of 4.5 million people in ireland ONLY 6000 could afford a 166K mortgage, or .00135 % of the population. Remember, 1st you need a job, then you need a down payment to buy a home.

      I hope we didn't forget to look at the increased mortgage bankruptcies for that same Q. weren't they over 6000 for the Q

      Sentiment: Sell

14.540.00(0.00%)Feb 13 4:02 PMEST