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Big bank exits and fintech upstarts: Ireland s banking landscape is undergoing drastic change
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Big Bank Exits and Fintech Upstarts: Ireland s Banking Landscape Is Undergoing Drastic Change
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FTB mortgage drawdowns at highest Q1 level since 2007
Updated / Thursday, 29 Apr 2021
06:00
Almost 5,000 mortgages were drawn down by first time buyers in the first three months of this year, the highest quarter one level since 2007, according to new figures from Banking and Payments Federation Ireland.
In total, just over 9,000 mortgages worth €2.1 billion were drawn down by borrowers between January and March, the highest volume in the first quarter of any year since 2009.
Despite level 5 restrictions remaining in place for the full three months, the number of drawdowns increased by 4.5% compared to the first quarter of last year, while the value was up 7.3%.
Mortgage market buoyant as drawdowns and approvals rise New figures suggest more than 9,000 mortgage drawdowns in first quarter of 2021
about 2 hours ago
Latest data form the banking and payments federation show first-time buyers accounted for 52% of the drawdowns in the first quarter. File photograph: Photocall
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Mortgage activity – approvals and drawdowns – remained strong in the first quarter for 2021 despite restrictions to contain the coronavirus.
Figures from the Banking and Payments Federation Ireland (BPFI) show there were 9,091 new mortgages worth €2.1 billion drawn down by borrowers during the first three months of the year.
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