PTSB cut rates to about same as competition - independent.ie

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Setforlife

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More reasonable headline than the article itself, lowest rate of 3pc is now competitive if you have the LTV.

PTSB said its four-year fixed rate for loan-to-value (LTV) of less than 60pc would now be a market-leading 3pc.

The most significant reductions of up to 0.95 points apply to the five-year and seven-year fixed-term products, with rates from 3.8pc for LTV of 60pc to 80pc for mortgages up to €250,000.


PTSB cuts mortgage rates for fourth time in move expected to be copied by rivals

PTSB is to introduce large cuts in mortgage rates next week, a move that will probably spur its rivals to respond.
www.independent.ie
 
Drew down with PTSB last week on 3.7% for 3 years. Not so great timing. I will give them a call anyway to chance my arm but won't be expecting much.
 
Donohill said:
Drew down with PTSB last week on 3.7% for 3 years. Not so great timing. I will give them a call anyway to chance my arm but won't be expecting much.
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You’ll be able to move with a break fee - ring them in a week or so when it’s calmed down and they’ll give you the figure and you can run the numbers.
 
Bank of Ireland used to let you change from one fixed rate to another mid-cycle. Does PTSB definitely charge a break fee even when you're staying with them on a new rate of at least as long a duration?
 
budapest said:
Bank of Ireland used to let you change from one fixed rate to another mid-cycle. Does PTSB definitely charge a break fee even when you're staying with them on a new rate of at least as long a duration?
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are you sure BOI allowed this in a falling interest rate environment?
 
PTSB Mortgage Rates

PTSB finally published their rates, bit disappointed after journo’s were saying they’d be available to new and existing customers that the headline 3% rate is only for new business. 3.35% the best rate for existing customers for a green 3- or 5-year fix.

Tbh, it was a confusing farce of a press release on Wednesday.
 
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Agreed, it read like a press release rather than a news report which is why I didn’t use the new title for the thread and now that we can actually see the rates we can see it was purely a press release printed as news, reporter should be ashamed of themselves.
 
Tbh, the PTSB PR person should too, it was ridiculously opaque. Some rates might change by some amount!
 

In fairness, I'm looking at refinancing a fixed rate and AIB are currently charging 4.8% and 5.2% for the comparable band and period highlighted above, so the PTSB rates are very favourable here.
Just shows how overpriced AIB's rates are....have they even reduced non green loans rates since ECB started lowering rates?
 
Just to follow up. I called PTSB earlier today. They checked and there was no breakage fee to move to the 3.55%. The operator put me on hold twice to double check twice and came back twice to confirm the lower rate could be accessed with no fee.
 
Does anyone know is the 4 year fixed <60% LTV rate of 3.0% only for mortgages less than €250k? The table on their site is confusing. They call that table their "standard rates" and have a separate table for "high value" mortgages. How 250k constitutes high value these days I do not know...
 
Actually I see the high value table says "additional" rates, so I assume the standard rates apply to all mortgages? Will have to enquire
 
Donohill said:
Just to follow up. I called PTSB earlier today. They checked and there was no breakage fee to move to the 3.55%. The operator put me on hold twice to double check twice and came back twice to confirm the lower rate could be accessed with no fee.
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Do you mind saying what rate and how long you had left? I had called a few months ago and was quoted 10k
 
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