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Permanent TSB to raise new fixed mortgage rates again

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Permanent TSB has become the latest mortgage provider to increase its interest rates.

Specifically, the rates on different products will rise by between 0.05% and 0.8%, with the precise change dependent on the loan to value ratio, loan size and term.

Those with an existing fixed rate loan will not be impacted, nor will new or existing variable rate mortgage customers. This is Permanent TSB's second mortgage rate increase since the European Central Bank began to hike what it charges for lending money to banks in July last year. The last PTSB change to rates came in November when the lender increased them by an average of 0.45%.Irish banks have been slow to pass on the ECB changes to customers, due to their strong deposit bases and increased competition driven by the exits of Ulster Bank and KBC Bank Ireland.

 

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