Over €1bn In Mortgage Lending Approved Last Month

Mortgage approvals jumped by almost 2% month-on-month.

First time buyers are again driving growth in the mortgage market.

Over one billion euro in mortgage lending was approved in January, with first time buyers accounting for more than half of that, as the number of homeowners switching their loans to avoid rising interest rates declined. 

Mortgage approvals jumped by almost 2% month-on-month and by nearly 9% year-on-year.

Managing Director at Kinsella Financial in Portlaoise, David Kinsella, has been speaking with Will Faulkner on the Midlands Today Show and says the the rising cost-of-living had a role to play in the figures:

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