News | Latest Breaking News Stories & Headlines

David Malone, ILCU CEO, said that teaching a record loan book of €6.24 billion is a major milestone

Credit union loan book grows to record level

The combined loan book of Irish League of Credit Unions members reached its highest ever level of €6.24 billion, surpassing the previous record of €6.21 billion recorded in 2008.

Business • 12 Sep

The BPFI data shows there were 3,356 first-time buyer mortgage approvals in July

Value of mortgage approvals hit almost €1.8bn in July

The value of mortgage approvals reached almost €1.8 billion in July which is the highest figure since 2011, according to latest figures from Banking & Payments Federation Ireland (BPFI).

Business • 29 Aug

ICS Mortgages to cut variable rate mortgages by 0.2%

ICS Mortgages is to cut all of its owner occupier variable rate mortgages by 0.2%.

Business • 25 Jul

The average home mortgage drawdown value in the first half of 2025 reached the highest semi-annual level on record at €329,444, new BPFI figures show

H1 mortgage drawdown values hit highest level since 2008

Mortgage drawdown values reached almost €6.2 billion in the first half of 2025 - the highest half year values since 2008 - new figures from Banking and Payments Federation Ireland show.

Business • 25 Jul

Mortgage approvals hit record €14.1 billion

Mortgage approvals hit a record €14.1 billion in the 12 months to May, new figures shows.

Business • 27 Jun

Mortgage approvals continued to grow in April - BPFI

There were 2,922 first-time buyer (FTB) approvals valued at almost €1 billion (€965m) in April, according to the latest figures from the Banking and Payments Federation of Ireland's Mortgage Approvals Report

Business • 30 May

Ken Murray, Managing Director of Finance Solutions and Robert Kennedy, CEO of Howden Ireland listen to Finance Minister Paschal Donohoe at the company's new Dublin city office

Finance Solutions to create 100 jobs as part of expansion

Finance Solutions, part of mortgage broker Howden, has announced plans to create 100 jobs and grow mortgage approvals to €2 billion by 2027.

Business • 21 May

Núa Money began lending in Ireland at the end of last year

Núa Money to cut mortgage, equity release product rates

The newest mortgage lender in the State, Núa Money, has announced rate reductions across its residential mortgage and equity release products.

Business • 13 May

BPFI said a total of 9,190 new mortgages worth €2.807 billion were drawn down by borrowers during the first three months of 2025

Average home mortgage drawdown at new record high - BPFI

New figures from Banking and Payments Federation Ireland show that the average home mortgage drawdown value reached €327,972 in the the first quarter of 2025 - the highest level on record.

Business • 29 Apr

PTSB's latest Reflecting Ireland research shows that 46% of people who are in the market to buy a home are now considering applying for social housing

First time buyers struggling to save a deposit - PTSB

A new survey of homeowners, renters and prospective buyers reveals a big jump in younger age groups saying they are considering applying for social housing in response to housing affordability concerns.

Business • 11 Apr

76% of accounts in arrears for over 90 days are held by non-banks, the Central Bank figures show

Mortgage arrears continue downward trend in Q4

New figures from the Central Bank shows that mortgage accounts in arrears for over 90 days had fallen to their lowest level since 2009 by the end of December.

Business • 14 Mar

ICS Mortgages has announced its seventh successive mortgage rate cut since July last year

ICS Mortgages cuts mortgage interest rates again

ICS Mortgages has announced a further reduction in its variable mortgage rates - its seventh successive rate cut since July last year.

Business • 06 Mar

From April, ICS Mortgages' owner occupier variable rates will reduce by 0.25%

ICS Mortgages to cut variable mortgage rates in April

ICS Mortgages is set to cut its variable rate mortgage products after the European Central Bank cut interest rates again.

Business • 30 Jan

Over 26,000 mortgages were drawn down by this group in 2024, worth €7.8 billion.

FTB mortgage drawdowns hit highest level since 2007

Mortgage drawdowns by first-time buyers hit the highest level since 2007 last year, new figures show.

Business • 30 Jan

PTSB said the 2% monthly cashback offer is available until at least the end of 2030

PTSB to offer 2% monthly cashback to existing customers

PTSB said today it will offer 2% cashback on monthly mortgage repayments to existing mortgage customers, which it said will equal the benefit for both its new and existing customers.

Business • 21 Jan

A total of 4,400 mortgages were approved in November and first-time buyers accounted for 2,657 of these mortgages - 60.4% of the total volume

First-time buyer mortgage approvals hit record highs

New figures from Banking and Payments Federation Ireland (BPFI) show that first-time buyer mortgage approvals hit a record high last November.

Business • 10 Jan

ICS said that from January 10, its three-year and five-year fixed rates for owner-occupiers will start from 4.25%

ICS Mortgages to cut fixed mortgage rates

ICS Mortgages has announced fixed rate reductions for its owner-occupier mortgage products.

Business • 03 Jan

Switching volumes increased to their highest monthly level since January 2023

Number of new mortgages approved in October up 8.6%

The number of new mortgages approved in October was up 8.6% on the previous month, the latest Banking and Payments Federation Ireland (BPFI) data shows.

Business • 03 Dec 24

The issue did not impact the amount of capital owed or the interest rate applied

Thousands of Ulster Bank mortgages impacted by error

Ulster Bank is to write to tens of thousands of current and former mortgage holders to inform them of an issue which may have impacted the amount of interest they have paid and the phasing of repayments.

Business • 22 Nov 24

New Central Bank figures show that mortgage rates eased to 4.08% in September from 4.11% in August

Irish mortgage rates fall to lowest level in a year

New figures from the Central Bank today show that Irish mortgage rates fell to their lowest level in over a year in September.

Business • 13 Nov 24

Barry Lyons and Ben Hoey from the Misselling.ie campaign

Campaign aims to help borrowers mis-sold mortgages

A former banker and a solicitor have launched a campaign they say is aimed at helping borrowers whose mortgages were sold to investment funds and are under financial pressure.

Business • 04 Nov 24

Over 7,000 first time buyer mortgages were drawn down

First time buyers drive increase in Q3 mortgage drawdowns

Strong demand from first-time buyers (FTB) and switching activity drove an increase in both the volume and value of mortgage drawdowns in the third quarter.

Business • 25 Oct 24

New ECB research shows that demand for bank loans across the euro zone rose in the third quarter of this year

Euro zone banks see rebound in loan demand as rates fall

Demand for bank loans across the 20-nation euro zone rose in the third quarter and a further increase is expected in the final three months of the year, with household mortgages driving the expansion, a European Central Bank survey showed today.

Business • 15 Oct 24

There were almost 50,000 mortgage approvals in the year to the end of August

Mortgage approvals fell 12.5% in August - BPFI

The number of mortgages approved in August fell by 12.5% when compared to July.

Business • 27 Sep 24

The UK's Nationwide Building Society is to lend first-time buyers up to six times their income

Buyers can borrow 6 times income under Nationwide changes

Britain's biggest building society will lend first-time buyers up to six times their income, increase the maximum amount that people can borrow and cut some mortgage rates from tomorrow.

Business • 23 Sep 24