According to the Banking and Payments Federation Ireland, (BPFI) there were over €2.2bn worth of mortgages drawn down in the second quarter of 2021, which represents over a 45% increase in volume in comparison to the second quarter of 2020.
First Time Buyers made up a sizeable chunk of draw downs within this period.
What does all this data tell us?
There is strong momentum and confidence in the mortgage market, despite the presence of Covid-19. We here in Prudent Financial have witnessed a huge push for mortgages from our clients in the past year and it has been a pleasure to help each and every one of our clients to purchase their new homes, switch their mortgages and/or renovate their homes.
It has been a mantra of ours since the start of Covid-19 but we continue to reiterate it; If you are financially ready for a mortgage, lenders are still lending, even in the midst of Covid-19. While Covid-19 will ultimately end, various mortgage needs still arise and we would encourage you to contact us if you wish to seek mortgage approval.
Even if you are not ready now, you can utilise the services of our Wealth Management tool to help you improve your savings ability, which will guide you on your journey to becoming mortgage ready for the future.
Whether you’re a First Time Buyer, Second Time Buyer or Investor, we can advise you on a mortgage that suits YOUR goals, YOUR lifestyle and YOUR financial resources.
Our track record with mortgages has been one of great success – Every mortgage we have undertaken has been approved to the satisfaction of our clients. Why not give our team a call on 01-9010370 or email firstname.lastname@example.org to experience the success for yourself?