Permanent TSB to cut mortgage rates

Permanent TSB has become the third bank to reduce mortgage rates in the last three weeks.

Permanent TSB to cut mortgage rates

It has reduced a three-year fixed rate for first-time buyers from 3.30% to 3.15% and dropped its five-year fixed rate from 3.40% to 3.25%.

The bank has also cut a number of fixed rates for borrowers with a loan-to-value ratio of 60% to 80% by 0.15%, a cut that can mean significant savings for the mortgage holder over the lifetime of the loan.

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