"Certainty" Mortgage from PTSB - a great new product


Registered User
Very happy to have found this forum.

Am wondering if there are any known negatives to the "Certainty" mortgage being advertised by PermanentTSB - i.e. mortgage rate that will remain fixed for 2 years if interest rates increase, but which will go down if interest rates decrease.

Thanks in advance,


Frequent Poster
Re: "Certainty" Mortgage

It's only available to buyers in certain developments but at ECB + 0.75% guaranteed for the loan duration and a cap at 4.74% for two years, it seems an excellent deal to me.

Liam D. Ferguson

Brendan Burgess

Re: "Certainty" Mortgage


That does seem like a great product. I could not find any info on their website. Do you know what the terms and conditions are?

Does it stay at .75% above ECB after the first 2 years or is that when you begin to pay for this deal?



This new capped mortgage is being done in conjunction with specific developers - (I suppose to help them sell more houses.)
The capped rate is not fixed at the same rate - it looks like each developer can have a slightly different cap if they want. I guess the developers might be paying something to PTSB to get these good rates? · .
It is also given different names (just to confuse us all) with each developer .
The "Certainty Mortgage " is from Pierse Developments. The Pierse Mortgage product offers a tracker rate of ECB + 0.75% for the term of the mortgage with a cap of 4.74% for two years from the date of drawdown.
It is available for properties purchased in Marrsfield, Clongriffin, Dublin 13.

Another developer - Lyndonbarry Estates Limited – has called it "SureStart Mortgage " The Lydonbarry Estates Mortgage product offers a tracker rate of ECB + 0.75% for the term of the mortgage with a cap of 4.49% for three years from the date of drawdown. This seems a very good offer.
It will be available from Monday 1st October, only for properties purchased in Parkview, Poppintree, Dublin 11.

I am not aware of any clawback conditions - but I would expect there will be some.