Banking & Payments Federation Ireland (BPFI) has today published the latest figures from the BPFI Mortgage Approvals Report for November 2020. The following are the key elements:
Speaking on the publication of the data, Brian Hayes, Chief Executive, BPFI stated: “Our latest mortgage approvals data shows continued strong activity in November with approval values at their highest since BPFI began collating this data in 2011, despite the fact that the country was in lockdown during this time. Interestingly November saw solid growth in mover purchase activity which was, in part, driven by a significant increase in the average mortgage approval – the average mover purchase approval exceeded €280,000 for the first time at €282,443. And even though mortgage approvals are down by 15% in volume terms and 9.9% in value terms in the year to date, the continued strong activity we have in November represents a robust pipeline for drawdown activity which we are likely to see coming through in the coming months.”
The BPFI Mortgage Approval Reports November 2020 is attached above can be viewed on the BPFI website here.