"Additionally, customers will continue to have the right to avail of PTSB’s mortgage products, interest rates and services up to the point of transfer, subject to applicability and/or terms and conditions," Mr Crowley said.
The bank is set to write to customers in the coming days to inform them of the changes.
If you get this letter and you have a non-tracker loan, you should review your options. Mars can charge you what they like if you are on a variable rate or when your fixed rate ends, if you are on a fixed rate.
If you have a variable rate loan, it might be worth fixing now for a long period.
If you have a fixed rate mortgage, it might be worth breaking out of it now, and refixing for a longer period.