Permanent tsb 'offering mortgage rate cut for some customers'

Permanent tsb 'offering mortgage rate cut for some customers'

Customers at Permanent tsb could reportedly be in line for a mortgage rate cut.

The bank is offering variable rate cuts if certain customers change to a new product.

It has been reported today that the lender has written to 70,000 people telling them they will receive a discount of up to 0.8 percentage points in their rates if they switch to a package that is based around loan-to-value ratios.

Finance Minister Michael Noonan is meeting Permanent tsb later for an update on its efforts to ease the pressure on people with variable rate mortgages.

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