Re-mortgaging activity remains elevated

  • Sectors : Banks
  • Companies : permanent tsb Group | AIB Group | Bank of Ireland


Ratings and price correct at time of issue

Company Rating Date Previous Rating Date Closing Price
AIB Group OUTPERFORM 23/01/19 Neutral 14/08/18 299c
Bank of Ireland OUTPERFORM 11/03/13 Neutral 14/08/12 752c
permanent tsb Group OUTPERFORM 04/02/21 Neutral 06/03/19 172c


Mortgage approvals continue to demonstrate the competitive nature of the mortgage market, with re-financing still running at elevated levels. This is likely to persist into year-end and should then ease as rate increases impact. For house purchase, approvals slowed — not unusual towards year-end — and momentum may pick-up early next year as the revisions to the Central Bank of Ireland’s (CBI) loan-to-income (LTI) rules for first-time buyers (FTBs) comes into play.

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Nov 24 2022, 08:15 GMT