€1bn lent by Bank of Ireland for mortgages last year

Bank of Ireland has said that it lent more than €1bn in mortgages to customers in 2012.

The bank, which provided around 40% of all mortgages in Ireland last year, said that the €1bn figure refers to new loans drawn down.

Almost 90% of the mortgage draw-downs were to customers buying their first home or moving to a new home.

Bank of Ireland said that the average first-time buyer mortgage with them in 2012 was for €153,000, while the average age of first-time buyers was 32.

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