Strong first-time buyer 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 461c
Bank of Ireland OUTPERFORM 11/03/13 Neutral 14/08/12 906c
permanent tsb Group OUTPERFORM 04/02/21 Neutral 06/03/19 140c


Continuing a trend evident for a number of months, the first-time buyer (FTB) segment continued to perform strongly in February while the other key segments (movers and switchers) lag behind. There are significant supports available to FTBs of new homes, while the availability of existing properties continues to decrease – impacting movers. Although the picture is somewhat better than January, there remains some modest downside risk to our FY new mortgage lending forecasts.

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Mar 27 2024, 07:00 GMT