"PTSB said it is reducing its fixed rates from today for new and existing personal customers. The bank said this was the sixth set of reductions to fixed-rate mortgages it has announced since December 2023. The move "reflects the bank's commitment to competing in the mortgage market and providing more choice for customers". It comes after the latest Central Bank figures found that mortgage rates in this market are now close to a three-year low."
"Rate reductions apply across PTSB's three-year, four-year, five-year and seven-year fixed-rate terms. The rate on the seven-year fixed term, for loan-to-value greater than 80pc and less than 90pc, will fall by 0.45 of a percentage point to 3.6pc. PTSB said a customer with a balance of €200,000 would save €47 a month under this offer. Rates on certain green mortgages are also reducing by up to 0.2 of a percentage point."
PTSB is reducing fixed mortgage rates by up to 0.45 percentage points across its three-, four-, five- and seven-year terms. The seven-year fixed rate for loans with loan-to-value greater than 80% and less than 90% falls by 0.45 percentage points to 3.6%, saving a customer with a €200,000 balance €47 a month. Certain green mortgage rates will reduce by up to 0.2 percentage points. Approved but undrawn and pre-approved applications will automatically receive the new rates. The reductions are the sixth set announced since December 2023. PTSB's existing 2+2 cashback and other incentives remain in place. The bank is for sale.
Read at Irish Independent
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