PTSB announces reduced mortgage rates for new customers

Banking

Decrease is not likely to trigger further interest rate cuts across the market, with the ECB not expected to reduce interest rates until June

PTSB has announced cuts to certain fixed-rate mortgage products for new customers.

Interest rates for the bank’s four-year fixed-rate mortgage will be reduced by up to 0.3 per cent for new customers from Friday.

Rates will be priced at 3.8 per cent, 3.9 per cent or 4.05 per cent, depending on the loan-to-value (LTV) of the mortgage – which PTSB said could result in savings of up to €44 per month for a customer fixing …