From Monday 16th January, Permanent TSB is increasing the mortgage rates that apply to customers who are taking out a new fixed term rate.
There are no changes for mortgage customers on existing fixed rates and there are no changes to variable rates for new or existing mortgage customers. The rates applicable to tracker mortgage customers continue to reflect the current ECB rate, in line with the specific terms and conditions of the loans.
Mortgage Interest Rate Changes:
The bank will raise interest rates on its suite of home loan fixed rate mortgage products by a weighted average of 0.51%**. The increases will range from 0.05% to 0.8% depending on (1) the length of the fixed term, (2) the size of the loan and (3) the size of the loan relative to the value of the property in question (the LTV).
Customers who have received an offer letter from 18 November, 2022 will have until 14 April, 2023 to complete the drawdown of their loan at existing rates or prior to their current loan offer expiration, whichever date is the earlier.*
The changes announced today follow four rounds of interest rate increases from the European Central Bank, totalling 2.5%, in recent months. This is Permanent TSB’s second fixed rate change in the period, with the first rate change announced in November 2022 being a weighted average* increase of 0.45%.
Editor’s Note:
New Mortgage Rates – effective from Monday 16th January
|
Home Loan Fixed Rates |
New Rate |
|
2 Year Fixed (0-60% LTV) |
3.50% |
|
2 Year Fixed (60-80% LTV) |
3.60% |
|
2 Year Fixed (80-90% LTV) |
3.85% |
|
3 Year Fixed (0-60% LTV) |
3.50% |
|
3 Year Fixed (60-80% LTV) |
3.60% |
|
3 Year Fixed (80-90% LTV) |
3.85% |
|
5 Year Fixed (0-60% LTV) |
3.60% |
|
5 Year Fixed (60-80% LTV) |
3.70% |
|
5 Year Fixed (80-90% LTV) |
3.95% |
|
5 Year Fixed - Green (0-60% LTV) |
3.40% |
|
5 Year Fixed - Green (60-80% LTV) |
3.50% |
|
5 Year Fixed - Green (80-90% LTV) |
3.75% |
|
7 Year Fixed (0-60% LTV) |
3.80% |
|
7 Year Fixed (60-80% LTV) |
3.90% |
|
7 Year Fixed (80-90% LTV) |
4.15% |
|
4 Year Fixed <60% LTV (new business introductory offer) |
3.15% |
|
4 Year Fixed 60-80% LTV (new business introductory offer) |
3.25% |
|
4 Year Fixed 80%-90% LTV (new business introductory offer) |
3.50% |
|
Home Loan Fixed Rates >€250,000 |
New Rate |
|
3 Year (HVM) (≤ 60% LTV) |
3.30% |
|
3 Year (HVM) (>60% LTV & ≤ 80% LTV) |
3.40% |
|
3 Year (HVM) (>80% LTV & ≤90%) |
3.65% |
|
5 Year (HVM) (≤ 60% LTV) |
3.40% |
|
5 Year (HVM) (>60% LTV & ≤ 80% LTV) |
3.50% |
|
5 Year (HVM) (>80% LTV & ≤90%) |
3.75% |
|
5 Year (HVM) (≤ 60% LTV) Green |
3.20% |
|
5 Year (HVM) (>60% LTV & ≤ 80% LTV) Green |
3.30% |
|
5 Year (HVM) (>80% LTV & ≤90%) Green |
3.55% |
For media queries, please contact leontia.fannin@permanenttsb.ie | 087 9733143
