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Outstrips €50m provision - March 13^th

First increase in eight years sees €27m rise in mortgage lending

Outstanding securitised loans for house purchases totalled €33.3bn at end of 2016

Lending for house purchases increased by €27 million over the final quarter of 2016, the first net increase since the end of 2009, according to new figures from the Central Statistics Office (CSO).

However, mortgages in the buy-to-let sector have decreased by €394 million during the same period.

The Trends in Private Household Credit and Deposits data published on Monday show that mortgages for private homes recorded the largest net increase since the CSO studies began in March 2011, with a positive net flow of €449 million.

Irish Times View Full Article

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The option of selling the property and discharging the debt is not an option for those who find themselves in difficulty..

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