First time buyers’ mortgages, funds industry warning and what next for The Late Late’s sponsor?

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First time buyers’ mortgages, funds industry warning and what next for The Late Late’s sponsor? A round-up of the best news, analysis and comment from The Irish Times business desk.

More home mortgages were approved for first-time buyers in May than in any other month since 2011, the BPFI said. Photograph: iStockin May than in any other month since 2011, Ian Curran reports. The Banking and Payments Federation of Ireland , the banking industry’s representative body, said a total of 4,928 mortgages were approved in May with an overall value of close to €1.4 billion.

Former Permanent TSB chief executive David Guinane is looking for an inquiry hearings into his alleged role in the industrywide to be delayed from October to early next year, to allow new solicitors acting for him to get up to speed with the case, according to his senior counsel. Joe has the details.

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