ptsb cuts mortgage rates - existing customers can now avail of new business rates

[Brendan Burgess]

SVR down by .55% from 4.5 to 3.95%

MVRs (Managed Variable Rates) down -

REduction in 3 and 5 year fixed rates

Bizarrely the press statement does not tell us what the new rates are.

 

[Brendan Burgess]

ptsb will continue to discriminate against existing customers who have mortgages in excess of €250k

They will not be able to avail of the new 2.5% rate for new customers borrowing over that amount.

Brendan

 

[cpt_boom]

Thanks for posting that, Brendan. It looks like some of the <€250K fixed rates are actually increasing for new customers.

And the bank will reduce fixed rates for all existing customers to rates as low as 2.95% for a 3 year fixed term, ...

The same fixed rates for new mortgages up to €250,000 made available to all existing customers

Currently 3 year fixed rates range from 2.8% to 2.9% for new <€250K mortgages.

 

[Brendan Burgess]

Here are the ptsb rates

Fixed Rates

New and Existing Customers

Term​		New & Existing​
2 Yr​	<90%​	3.10%​
3 Yr​	<90%​	2.95%​
5 Yr​	<90%​	3.00%​
7 Yr​	<90%​	3.00%​

Fixed Rates

High Value (>€250,000) New Customers

Term​		New & Existing​
3 Yr​	<80%​	2.50%​
5 Yr​	<80%​	2.55%​

Variable Rates

 

[Number]

Hi, I've a high end mortgage and can't switch. I'm with permanent tsb. After the tracker scandal I was giving the option to move to a 3.25%
residential tracker mortgage. This is what I'm on now. I rang Permanent tsb last week to see if there was any better rates and was offered
a 3year fixed rate at 2.95%.
Would this be a wise move?

 

[PebbleBeach2020]

If u are an existing PTSB customer on s fixed rate, high value mortgage, could u move to one of these lower 3 or 5 year fixed rates without being hit with a break fee. I think I read somewhere was it that Ulster Bank permitted people to do this without penalty.

Or is there always a penalty?