First Time Buyers Mortgage

Winner of the Best First Time Buyer Mortgage at the 2019 National Consumer Awards

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Get more from your mortgage

We’ve made a breakthrough with an award-winning mortgage that keeps giving, so you can keep living! Our mortgage gives you 2% cashback at drawdown. And now, you also get 2% cashback on your monthly repayments until 2027, when you pay from an Explore Account.

Use our mortgage calculator to check how much you could borrow, your repayments and what your cashback could be.

Note: The fixed rates will mature to the prevailing LTV Managed Variable Rate. The applicable maturity rate will be based on the loan to value at account opening.

2% cashback at drawdown

  • Get 2% of the value of your mortgage back in cash   
  • Cashback paid within 40 working days of mortgage drawdown
  • Offer available to both our variable and fixed rate customers
  • Offer available to qualifying applicants who receive their full mortgage Letter of Approval from PTSB on or before 31 March 2025

Excludes 4 Year Fixed Home Loan New Business Rates, tracker, buy-to-let, negative equity and applicants refinancing an existing PTSB mortgage

And 2% cashback monthly

  • Get 2% of your monthly mortgage repayment back in cash every month until 31 December 2030, when you pay from an Explore Account
  • Cashback is paid directly into your account on the first working day of the month following your repayment
  • Spend it straight away or watch it add up over a year or longer; it’s up to you
  • Offer available to both our variable and fixed rate customers
  • Offer available to qualifying applicants who receive their full mortgage Letter of Approval from PTSB on or before 31 March 2025

Competitive rates

  • Competitive fixed rates over 1, 2, 3, 5 and 7 years
  • Lower fixed rate for mortgages of €250,000 or more
  • Prefer a variable rate? Choose from one of our managed variable rates instead (MVRs)

See here for our full list of fixed rates and managed variable rates.

Warning: You may have to pay charges if you pay off a fixed-rate loan early.

Warning: The cost of your monthly repayments may increase.

Flexible repayment options

We understand you want flexibility when paying back your mortgage. That’s why we offer a choice of flexible repayment options that could make your mortgage easier to manage.

  • Payment Holiday options – choose from two Payment Holiday options
  • Overpayment options – make regular overpayments or lump sum payments on your mortgage to reduce the term and the amount of interest you pay
  • Payment Date option – choose your preferred mortgage payment date

See our Flexible Mortgage Repayment Options Brochure (pdf, 908KB) for more information.  

Help and Guidance

  • We’re here to support you every step of the way. Check out our mortgage guide (pdf, 1.3MB) for help with buying your new home. The guide contains information on the mortgage application process as well as other useful facts and information.
  • Unsure what all those technical terms mean? Check out our handy jargon buster.
  • Have a question you need answered? Check out our list of frequently asked questions
  • Any mortgage application requires a bit of documentation. Here's a list of the main documents you’ll need to have when applying for your first mortgage.
  • Becoming a homeowner for the first time doesn’t happen overnight. That’s why permanent tsb is here to help you achieve your savings goals. For ways on how to save for your first home, check out our range of savings and deposit products.

What else do I need to know?

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

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.

2% cashback at drawdown is paid into the customer’s mortgage paying account (which does not need to be a permanent tsb account) within 40 working days of mortgage drawdown. The qualifying period (11 January 2016 until 31 March 2023) may be extended as permanent tsb decides.

2% cashback monthly is paid until 31 December 2027. Payments must be made by Direct Debit or Internal Standing Order from an Explore Account. The following payments do not qualify for cashback: cash, cheque, bank draft, electronic funds transfer, debit/credit card, manual Direct Debits, Standing Orders set up by the customer, lump sum payments, and returned or arrears payments. If any changes to the billed monthly mortgage repayment are made they must be agreed by both you and permanent tsb to be eligible for the cashback monthly offer.

If either the Explore Account or the Mortgage is terminated for any reason then the monthly cashback will cease. Permanent tsb retains the right to close the Explore Account as per the General Terms & Conditions. Offer applies to home loans only i.e. excludes buy-to-lets. It should be noted that any change in use of the property from personal use to letting could have tax implications for you.

Information correct as of 29 April 2022 but is subject to change.

Lending criteria, terms and conditions apply. Mortgage approval is subject to assessment of suitability and affordability. Applicants must be aged 18 or over. Security and home and life insurance are required.

Dedicated Mortgage Team

Our experienced Mortgage Consultants can meet you in branch or at a time and place that suits you.

Mortgage Calculator

Use our Mortgage Calculator to check how much you could borrow and how much your monthly repayments would be..

Home Insurance

There’s never been a better time to switch to PTSB with our All Around Protection policy. Switch today.

Life Insurance

We have a range of Life Insurance options to protect your income for you and your family.

Help and Support

Need help? Our Help and Support section is full of useful information.

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