Permanent TSB set to reduce mortgage rates – – Our News, Your Views

Permanent TSB set to reduce mortgage rates

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Permanent TSB is reportedly set to reduce its mortgage rates and make them some of the most competitive in the market.

Sources at the bank say the interest on variable rate mortgages for new customers will be reduced by between 0.36% and 0.42%.

The new variable rate for mortgages of between 70% and 80% of the value of the property bought will fall by nearly half a percent to 4.07%.

Other mortgages will likely see a cut of up to 0.4%, depending on the loan amount in relation to the value of the property.

These changes will become effective from next Monday.

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