Thinking about adding more space, improving your home's energy rating, or simply giving your home a new lease of life? If you already have a mortgage with us, you may be able to finance your home upgrades with an equity release and borrow more to fund your home improvements, our mortgage options may provide lower rates compared to many personal loan alternatives. You could borrow more on your existing mortgage to help fund the upgrades.
The right energy upgrades could also qualify your home for our lower fixed rate Green Mortgage, if you reach a BER (Building Energy Rating) of A1 to B3 (inclusive), helping you work towards a warmer, more energy efficient home.
Our Home Upgrade Tool can help you estimate the cost of upgrading your BER.
It's a handy first step if you're planning to make your home more energy-efficient, and it could help you qualify for our Green Mortgage rates.
Equity release means borrowing against the value of your home. If your home is worth more than what you owe on your mortgage, you may be able to release some of that value as a loan.
The amount you can borrow is based on the equity in your home. For example: Your home is worth €300,000. 85% of the value of your home is €225,000. You have 155,000 left on your mortgage. which means you could borrow (release as equity) up to €100,000.
Have a question about Home Equity Release Loans? Find an answer.
Release equity and get 2% of the value of your loan back in cash, paid within 40 days of equity release drawdown. The offer is available for customers who receive their full mortgage Letter of Approval on or before 30 June 2026.
From 01 March 2025 until 31 December 2030, you’ll also earn 2% cashback on your monthly mortgage repayments when paying from an Explore Account. It’s a straightforward way to make your money go further, while you focus on what matters most. If you meet the qualifying criteria, you will receive 2% cashback on your monthly PTSB Mortgage repayments from that date until 31 December 2030.
Excludes 4 Year Fixed Home Loan New Business Rates, tracker, buy-to-let, negative equity and applicants refinancing an existing PTSB mortgage.
Learn more about our Mortgage Cashback Offer.
There are two Equity Release options available that have been designed for existing mortgage customers to release equity from your home to finance home improvements, or other plans you may want to bring to life.
|
|
Top Up |
Further Advance |
|
Minimum Loan Amount |
€25,000 |
€40,000 |
|
Maximum LTV |
85% |
85% |
|
Maximum loan term |
35 Years |
35 Years |
|
Minimum loan term |
5 years |
5 Years |
| Incentives | 2% Monthly Cashback and 2% Lump Sum | 2% Monthly Cashback and 2% Lump Sum |
Discover our New Business Mortgage Rates and find the fixed or variable rate that’s right for you.
Apply online or book an appointment at your local branch today to speak with one of our dedicated Mortgage Consultants.
Apply online Book an appointment
Alternatively, give us a call on 0818 50 24 24 or +353 1 215 1344. Lines are open 9am to 5pm, Monday to Friday (excluding public holidays).
Lending criteria, terms and conditions apply. See our Personal and Business Banking Charges booklet for more information
Read important regulatory information about mortgages.
Mortgage approval is subject to assessment of suitability and affordability. Applicants must be aged 18 or over. Security is required and credit agreement will be secured by a mortgage or by a right related to residential immovable property. Life and Home Insurance are also required.
For First Time and Second Time Buyers a maximum Loan to Value (LTV) of 90% will apply to a property’s purchase price. The maximum LTV for customers who hold their current mortgage with another bank but wish to switch their mortgage to PTSB while also releasing equity is 85%. Maximum loan amount will typically not exceed 4 times an individual’s gross income for First time Buyers & 3.5 times an individual’s gross income for Second time Buyers.
The monthly repayment on a 20 year mortgage with Loan to Value (LTV) greater than 80% with variable borrowing rate of 4.70% on mortgage of €100,000 is €643.50 for 240 months. Total amount repayable is €154,799.06. If interest rates increase by 1% an additional €55.73 would be payable per month. For this example, Annual Percentage Rate of Charge (APRC) of 4.84% applies and consists of variable borrowing rate of 4.70%, valuation fee of €150, Property Registration Authority (PRA) fee of €175, and security vacate fee of €35.
Please note: This APRC does not factor in the €8 monthly fee for maintaining the Explore Account.
Information correct as of 29 Janurary 2024 but is subject to change.
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.
Warning: The cost of your monthly repayments may increase - If you do not keep up your repayments you may lose your home.
Warning: You may have to pay charges if you pay off a fixed-rate loan early.
