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Switching from another financial service provider?

We welcome all switcher applicants regardless of who currently services your mortgage. Each application is assessed using our standard credit criteria, however there are different lending criteria for different types of borrower such as:

  • LTV: Loan to Value criteria will vary depending on whether you wish to borrow additional funds and also if the switch application is for a Home loan or Buy to Let loan.
  • Affordability: The minimum amount you can borrow is €40,000. The maximum will depend on several factors such as your income and your capacity to repay your loan.

More information on switching your mortgage to PTSB.

Wherever you are on your mortgage journey, whether you’re ready to apply, or just want to ask some questions – we’re here to support you. To speak to a member of our dedicated mortgage team please contact 0818 210 585.

Lending criteria, terms & conditions will apply. 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 29/01/2024 but is subject to change.

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