ptsb cuts fixed rates for existing customers?

Brendan Burgess

Founder
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37,853
Charlie Weston is reporting that ptsb is cutting fixed rates for existing customers.

https://www.independent.ie/business/personal-finance/mortgage-price-war-hots-up-as-permanent-tsb-is-latest-to-cut-fixed-rates-37065847.html

Permanent TSB is set to announce a 0.5pc reduction in its two, three and four-year fixed rates for existing customers.


This will see its two-year rate go from 4.20pc to 3.7pc for existing customers who lock into it.

This will just annoy these guys more. 3.7% fixed for two years, when Ulster Bank is offering 2.3% fixed for two years.

Brendan
 

blis100

Frequent Poster
Messages
14
Any sign of when PTSB will be confirming any rate cuts? We'll be drawing down a mortgage in 3 to 4 weeks time with them (waiting on valuation currently, approval in principle received), hopefully we can get it at the lower rate.
 

RedOnion

Frequent Poster
Messages
3,132
Any sign of when PTSB will be confirming any rate cuts? We'll be drawing down a mortgage in 3 to 4 weeks time with them (waiting on valuation currently, approval in principle received), hopefully we can get it at the lower rate.
They've already confirmed, but the rate changes are only for existing customers (who are still getting scrrwed over).
 

Brendan Burgess

Founder
Messages
37,853
Niall Brady reports in today's Sunday Times that ptsb will be cutting rates for existing customers


Permanent TSB will move to protect its €11.4bn mortgage book in the coming weeks by reducing fixed rates for existing customers to bring them closer to those offered to new business.

Here are the current rates

Existing customersNew customers
1 year fixedNot available3.2% - 3.3%
2 year fixed3.7%3.2% - 3.6%
3 year fixed3.7%2.85% - 3.1%
5 year fixed3.7%2.95% - 3.2%
7 year fixedNot available3.1% -3.35%


3951

And for new customers

3952
 

toby2111

Frequent Poster
Messages
184
I took out a PTSB mortgage last October, 5 year fixed rate..... Should I be getting my hopes up that my rate might be cut???
 

konline

Registered User
Messages
16
Does anyone have any further information on the rate cuts by PTSB? All other banks are cutting the interest rates, except PTSB.
 

username123

Frequent Poster
Messages
1,415
Nope, but even if they do it probably will only be for new customers...
(Edit) seems reading the title more carefully would be wise for me, it's specially about existing customers!
 
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