Mortgage rates overhaul benefits new borrowers

Permanent TSB will introduce a new pricing model for mortgages this week, meaning lower rates for some new customers.

27th April, 2013

Permanent TSB will introduce a new pricing model for mortgages this week, meaning lower rates for some new customers. However, those with deposits of 10 per cent or less will pay more under the new system.

Late last week, the bank briefed senior staff on the plans to overhaul its mortgage offering. From Wednesday, five new variable rate mortgage products will be on offer for new customers, based on the size of a customer's deposit relative...

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