BANKS are slowly making more credit available for mortgages and easing rules.
New figures from the Central Bank show that lending criteria for consumers in Ireland remained essentially unchanged during the second quarter for this year. Only lending for home buying increased, and even that was at a marginal amount.
"For the third successive quarter, an easing of credit standards on loans to households for house purchases was reported," said the bank.
"All of the factors impacting credit standards in respect of mortgage lending were unchanged. All loan terms and conditions for approving mortgage lending were also unchanged, apart from loan to value ratios which eased somewhat and banks' margins on average and riskier loans which tightened somewhat during the second quarter of 2013," the Central Bank added.
Meanwhile an "easing of credit standards in respect of consumer credit and other lending during the second quarter of 2013" was also reported.
"Loan demand from households for house purchases increased during the second quarter of 2013 – the fifth successive increase.
"The increase in mortgage demand was linked to more favourable housing market prospects and higher levels of consumer confidence," claimed the bank.