Permanent tsb to offer 100% mortgage for first time buyers

Permanent tsb bank has announced it is to offer a 100% mortgage for first time buyers.

The new product applies across the bank’s Tracker and Standard Variable Rate mortgages plus a wide range of fixed rate mortgages (2, 3, 4, 5, 7 and 10 years).

Repayment terms of up to 35 years are on offer with the product.

Normal lending terms and conditions apply and a person must have a minimum of three years track record in full time employment.

The new 100% mortgage from permanent tsb will not be available to purchasers of one bedroom or studio apartments or people building their own homes.