Mortgage approvals last month slumped by more than 10% compared to the same period in 2025, with mover-purchaser mortgages seeing the largest drop off, new data from the Banking and Payments Federation, Ireland (BPFI) shows.

In total 3,034 mortgages were approved in January, of which first-time buyers accounted for 1,800, a decline of 7.2% year-on-year, and mover-purchasers accounted for 565, a 23.3% drop.

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