Ireland's biggest mortgage lender, Permanent TSB, is preparing to offer new incentives to borrowers to make lump sum payments on their home loans, the bank has confirmed.
PTSB is considering a range of inducements to encourage ongoing payments and rapid clearance of principal amounts.
One of the schemes being looked at involves debt writedowns as a bonus for making large principal payments, with the higher the percentage writedowns the bigger the payments. The scheme could...
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