Got a question about mortgages? Take a look at our FAQ below or give us a call on 0818 50 24 24 or +353 1 212 4101 for more info.
There are different lending criteria for different types of borrower. Check here to see which category you fall into:
I’m switching my mortgage from another bank to PTSB:
I’m switching my mortgage to PTSB and looking to borrow additional funds (via Equity Release):
I’m switching my Buy-to-Let mortgage to PTSB:
Find out by getting Approval in Principle in just 15 minutes by either dropping into your nearest branch or calling 0818 50 24 24 or +353 1 215 1339. You don’t need to provide anything for Mortgage AIP, it’s simply a chat about your finances. We’ll ask you about how much you earn, what loans you have and what type of mortgage you’re looking to switch (i.e. how much you want to borrow and for how long) – this helps us decide how much we can lend you. While it’s not a final approval, this helps us to decide how much we could lend you.
The minimum mortgage amount you can borrow is €40,000. The maximum amount you can borrow depends on several factors such as your income and your capacity to repay your loan.
Our minimum term is 5 years and our maximum term for home mortgages is 35 years. Our maximum term for Buy-to-let mortgages is 25 years.
It’s a requirement of your mortgage to have home insurance and life cover in place for the duration of your mortgage term. Talk to one of our Insurance Advisors in branch or on 0818 50 24 24or + 353 1 655 0547 today. This policy can be obtained from a provider other than PTSB.
As part of the switching process you will need to provide us with a current valuation of your property completed by a member of the Bank’s valuation panel. You will also need to appoint a solicitor to take care of the legal work involved. However our 2% cash back will go a long way to covering your legal fees!
Property stamp duty is only payable on the purchase of a property and does not apply when switching your mortgage.
Wherever you are on your mortgage journey, whether you’re ready to make an application, or just want to ask some questions – we’re here to support you so book an appointment today with our mortgage team!
We’ll outline the mortgage process and the required documents you’ll need for your application and you can then gather and submit the documents required at a time that suits you, allow 1-2 weeks for gathering these documents.
Once we receive your application and supporting documentation, we will get back to you in 3 working days to let you know if it’s ready to go to our underwriting team for a full assessment, or if we need any further documents or information from you first.
Once we submit the documents to our underwriting team for full assessment we’ll let you know if we can approve your application within 10 working days. In the rare event that we can’t come to a decision in that timeframe, we’ll be in touch to let you know and to inform you of when we will have a decision.
Once your application for credit is approved, you will be required to arrange for a valuation of your property. A credit check will also be undertaken on all applicants of the mortgage.
A Letter of Approval is issued to your solicitor who will work with PTSB and your existing mortgage provider to finalise your switch.
A mortgage rate option comparison document is provided to all New Business Customers. The purpose of this document is to provide you with clear and transparent information, specific to your application in relation to the different mortgage rate options available. This document will help you decide on the rate option that’s best for you, it will be provided once you have started your application with your mortgage consultant and at key stages of your home buying journey including: your Underwritten Approval in Principle (AIP) and your Letter of Approval.
The details provided on each rate option are outlined below. This information will allow you to compare the mortgage rate options available to you which will help inform you to make your decision.
Managed Variable Rates (MVRs) are variable rates which vary depending on Loan to Value (LTV) of mortgage.
Variable rates offer the most flexibility. They allow you to increase your repayments, use a lump sum to pay off all or part of your mortgage or re-mortgage without having to pay any fixed rate breakage fees.
However, because variable rates can rise and fall, your mortgage repayments can go up or down during the term of your loan.
All customers, New & Existing qualify for our Managed Variable Rates (MVRs)
Effective 27th May 2023
|LTV Bracket||MVR Rate|
|Less than or equal to 50%||3.60%|
|Greater than 50% & less than or equal to 60%||3.70%|
|Greater than 60% & less than or equal to 70%||3.80%|
|Greater than 70% & less than or equal to 80%||3.85%|
|Greater than 80% & less than or equal to 90%||3.90%|
|Greater than 90%||3.95%|
Yes, Managed Variable Rates (MVRs) rates are available to Buy-to-Let customers. For details of these rates please see out Buy-to-Let page.
You will be notified in writing of any changes to both your rate and repayment. This will confirm your amended rate, repayment and the effective date.
Your mortgage will remain on the MVR until a time where you decide to change of the product.
Wherever you are on your home buying journey, we’re here to support you along the way.