Mortgage approval rates continue upward trend
New figures show that mortgage approval rates continued to strengthen last month.
The volume of mortgages approved in May grew by 15%, after growing by 31% in April.
Remortgaging remains the fastest growth area and now accounts for 7% of total lending.
Goodbodies Stockbrokers said the two months of improvement does provide room for optimism with regard to a return of new mortgage lending growth in Ireland.
