An overview of mortgage rates in Ireland and amounts borrowed - as at end of March 2012.
Mortgage lending in Ireland declined by 2.4 per cent at end-March 2012, following a quarterly decline of 0.6 per cent.
The total outstanding amount of mortgage loans in Ireland is €79.9 billion.
Variable rate mortgages make up 87% of all outstanding mortgage amounts (this include trackers and those with a fixed rate up to one year )- at end-March 2012.
Tracker mortgages by themselves accounted for 49 per cent of outstanding loans .Fixed rate mortgages accounted for the other 13% cent of the outstanding mortgages. Mortgages over one year and up to three years rate fixation accounted for 52 per cent of fixed rate mortgages outstanding, while mortgages over five years rate fixation accounted for just 11 per cent.
Loans for houses that are occupied by the owner accounted for 74 per cent of loans.
The outstanding mortgages on buy-to-let properties was €19.4 billion at end-March 2012, accounting for 24 % of all mortgages. The split on buy to let was 37 per cent standard variable, 63 per cent tracker.
See the latest Mortgage Rates in Ireland