Mortgage Lending

Dáil Éireann Debate, Tuesday - 4 December 2018

Tuesday, 4 December 2018

Questions (151)

Michael McGrath

Question:

151. Deputy Michael McGrath asked the Minister for Finance further to Parliamentary Question No. 152 of 27 November 2018, the number of principal dwelling home loans for first-time buyers, FTBs, and second and subsequent buyers, SSBs, for each month since the introduction of the Central Bank mortgage measures that were issued above either the loan-to-value or loan-to-income limits based on mortgage approval rather than mortgage drawdown; and if he will make a statement on the matter. [50619/18]

Written answers

Minister for Finance

The Central Bank advises that the macro-prudential mortgage lending rules are formulated on the basis of housing loans made by mortgage lenders. Therefore, lenders are required to report to the Bank, and are being monitored by the Bank, on the basis of mortgage drawdowns as opposed to mortgage approvals/sanctions. The Central Bank does not collect data on mortgage approvals for the purposes of the mortgage lending macro prudential measures.