First-time buyers continue to lead mortgage approvals

  • 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 419c
Bank of Ireland OUTPERFORM 11/03/13 Neutral 14/08/12 886c
permanent tsb Group OUTPERFORM 04/02/21 Neutral 06/03/19 173c


Key trends across mortgage approvals and credit and banking statistics remain broadly unchanged in November. Mortgage approvals continue to show the impacts of looser LTI rules and the equity loan scheme on first-time buyers and higher interest rates on the rest of the mortgage market (particularly re-mortgaging). Household lending continues to increase from both mortgage and consumer lending, while reductions in deposits are seasonal on Christmas spending and the movement into term accounts from current and demand accounts remains low.

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Jan 9 2024, 07:10 GMT