The house hunters website,, has said that in the ten weeks since the launch of its online mortgage service, it has received mortgage applications worth €1 billion.

The company does not say what percentage of that figure has translated into actual mortgage business.

MyHome said that of the applications received, 75% had come from first time buyers with the other 25% being made up of investors and those trading up on a property.

The site's Mortgage Zone partners include three financial institutions - National Irish Bank, Permanent TSB and Bank of Ireland - and three brokers - General Mortgage Corporation, Mortgage Insight and Mortgage Solutions from Gunne.