A rush to get approved for a mortgage, with first-time buyers to the fore, is expected to push house prices up by 10pc this year.
Changes to Central Bank lending rules and the introduction of the Government’s help-to-buy scheme at the start of the year have resulted in a surge in people applying to take out a home loan.
The number of homebuyers seeking mortgage approval rocketed by 42pc in the three months to February.
Just over 2,800 people got the go-ahead from their bank to borrow to buy a home in the three months that ended in February, according to figures from the Banking and Payments Federation.
Read the full details in the Irish Independent
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