Are you a fixed-rate mortgage holder? We have some news for you!
PTSB announced it is making significant reductions to its fixed-rate mortgage products between 0.15% and 0.95%.
These new rates include a number of market-leading rates for a number of fixed-rate terms and Loan to Value (LTV) bands.
The new rates came into effect on the 17th of January 2025 and be available to both new and existing personal customers.
Rate reductions will apply across all of the fixed-rate terms offered by PTSB; 2-year, 3-year, 4-year, 5-year and 7-year terms. PTSB’s 4-year rate fixed-rate for Loan-to-Value (LTV) <60% is now market-leading at just 3%.
The most significant reductions of up to 0.95% apply to the 5-year and 7-year fixed term products, with rates from 3.8% for LTV of 60-80% for mortgages up to €250,000, while certain Green mortgages will see rates reduce by up to 0.7%.
Customers whose loan applications have been approved at the old rates but who have not drawn down will automatically benefit from the new, lower rates. Customers whose applications are at the pre-approval stage will also benefit from the new, lower rates.
