According to statistics released this week by the Central Bank, both personal loans and home loans have fallen year on year in February.
The Irish Central Bank’s quarterly Bank Lending Survey has shown an increase in demand for home loans in Ireland.
AIB is reportedly asking would-be homeowners looking to purchase a one-bedroom apartment to pay more than a 25% mortgage deposit. As reported in the Herald.ie, the state-owned lender has reduced the level of mortgage funding for one-bedroom properties – a move could hurt first-time buyers.
According to an article in the Irish Independent over a third of consumer mortgages from the Irish Nationwide Building Society have fallen into arrears.