Permanent TSB to reduce mortgage rates

Permanent TSB to reduce mortgage rates

Permanent TSB is cutting its mortgage rates to some of the cheapest in the market.

The bank says it will reduce its interest on variable rate mortgages for new customers by between 0.36% and 0.42%.

The new variable rate for mortgages of between 70% and 80% of the value of the house will drop by nearly half a percent to 4.07%.

Other mortgages will see a cut of up to 0.4%, depending on how much of the value of the house the mortgage loan is for.

The changes will come into effect from next Monday.

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