First-time buyers accounted for 59.7 per cent of mortgage drawdowns in the 12 months to the end of September. Illustration: Paul Scott
First-time buyers, many using the Government’s Help to Buy tax rebate scheme, accounted for nearly two-thirds of new mortgages drawn down in the last 12 months.
Figures from banking lobby group Banking and Payments Federation Ireland (BPFI) show there were 45,774 mortgage drawdowns in the 12 months to the end of September, valued at €14.1 billion.
First
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