Loan approvals at Home Building Finance Ireland double in first half

  • 📰 IrishTimes
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 98%

Home-Building-Finance-Ireland Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Total approvals now stand at almost €2.1 billion

Loan approvals at the State-backed lender Home Building Finance Ireland doubled in the first six months of the year, new data a shows, rising to €398 million as demand continued to grow.

HBFI said €1.32 billion had been drawn down to date, with an expected time lag of between three and six months between initial approvals and drawdowns. Loans range between €1 million and €108 million for a period of 22 months, with an average of €13 million. HBFI was set up by the Government to fund new homes. The State-backed lender for builders opened for business in January 2019 with an initial war chest of €750 million from the Ireland Strategic Investment Fund to fund the delivery of up to 7,500 new homes over five years.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 3. in BE
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Finance Ireland rules out mortgages reboot until 2025 ‘at earliest’ as banks hog marketNonbank lender drastically reduced home loan business as interest rates soared
La source: IrishTimes - 🏆 3. / 98 Lire la suite »

PTSB poaches senior banking official from Department of FinanceFormer banking analyst Scott Rankin said to be on gardening leave but expected to join bank, which is 57% State-owned
La source: IrishTimes - 🏆 3. / 98 Lire la suite »