Permanent TSB offers switcher incentive for mortgage holders

Permanent TSB offers switcher incentive for mortgage holders

There are more signs of competition returning to the mortgage market with Permanent TSB offering a €1,000 incentive to lure borrowers to switch lenders.

According to the Irish Independent, the bank will pay some legal costs for families who switch their home loans if they also transfer their current accounts.

The "switcher" market has suffered since the financial collapse, but analysts say recovering home sales mean more banks are likely to target new customers in the months ahead - with savings of up to €2,000 for those who swap lenders.

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