- average buyer arrives with 11k less savings than buyers a year ago had (possibly indicating that those who delayed sales due to covid backlog cleared)
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That would be basically just people filling in their forms, right? So probably very notional and probably more reflective of people shopping around or looking at a more notional idea of what they might actually buy if they could. The same person could of course submit their request multiple times - its pretty much like taking the results of the submissions from an insurance brokers website rather than the output of completed applications who went through to purchase a policy?Huge Sample Size: These findings are based on Q2 2022 v Q2 2021 and come on the back of an analysis of over 170,000 people who submitted their buying plans in preparing for a mortgage on daftmortgages.ie. 81% of these customers are First Time Buyers, and 19% are Second Time Buyers.
Something wrong there.
According to the Banking and Payments Federation
Some 11,985 mortgages were drawn down between April and June,
So in one quarter of this year, 170,000 people submitted their buying plans to daftmortages.ie.
Brendan
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