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  • New market-leading 5.25% APR (Annual Percentage Rate) rate for less than 50% Loan To Value
  • Rates for new business up to 0.39% lower than previous rates

permanent tsb has today launched a new range of mortgages for investors in Irish residential property, building on its successful re-entry to the mortgage market this year.

The new range includes three key changes:

  • New market-leading rates that are up to 0.39% lower than permanent tsb’s previous rates
  • Better rates for borrowers with lower Loan to Value (LTV) ratios who contribute more to the purchase price from their own resources
  • A ground-breaking new product for Irish people living abroad who want to buy property in Ireland

As it does with owner-occupiers, the bank will offer Managed Variable Rates, which offer lower rates to customers with lower Loan to Value (LTV) ratios.

Loan to Value (LTV) New Rate Improvement on previous rate
Less than 50% 5.25% (5.40% APR) 0.39% lower
50% to 60% 5.40% (5.50% APR) 0.24% lower
60% to 75% 5.55% (5.70% APR) 0.09% lower


Please note: 60% to 75% rate above is available to Resident customers only. All rates quoted are variable.

New product for Irish people living abroad to buy investment property in Ireland

permanent tsb has also launched an innovative new mortgage product for Irish people living abroad who wish to buy residential investment property in Ireland.

The product will be available to borrowers who are earning more than €100,000 (or the equivalent in their local currency) either individually or jointly. A maximum LTV of 60% will apply for this product.

The bank will also provide this product to British citizens who wish to invest in Irish residential property, subject to its lending criteria.

Commenting on the launch, Ger Mitchell, Head of Mortgages at permanent tsb, said:

permanent tsb has returned to being a competitor in the mortgage lending market in 2013.

We have been very successful in lending responsibly to owner-occupiers this year and we are building on this success with new market-leading products for the buy-to-let market in response to strong customer demand.

We are offering responsible lending, attractive rates and innovative products. Customers – in Ireland and overseas – who are looking to invest in Irish residential property should talk to permanent tsb

Warning: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit, a hire- purchase agreement, a consumer-hire agreement or a BNPL agreement in the future.

Warning: If you do not keep up your repayments you may lose your home.

Warning: The cost of your monthly repayments may increase.

APR quoted is a typical APR and is based on a €100,000 loan over a 20 year period. The figures quoted show indicative repayment amounts to the nearest cent. Lending criteria, terms, conditions and other restrictions apply. Applicants must be aged 18 years or over. Security and insurance are required. Normally subject to other lending criteria and assessment. The maximum loan to value (LTV) for Resident Buy to Let Customers is 75% and Non-Resident Buy to Let Customers is 60%. Lending levels are subject to a total monthly repayment of around 35% of disposable income; however this percentage will vary depending on the individual circumstances. The monthly repayment on a 20 year Loan to Value

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