Banking

PTSB seeks to claw back mortgage market share with rate cuts

Latest rate cut, which will be available from the end of May, is the bank’s third major cut since December

The Eammon Crowley led company said it was focused on its 3-year fixed term rates. Picture: Fergal Phillips

The mortgage price war is heating up as PTSB has cut its rates by up to one percentage point.

The bank, which previously reported that its share of the mortgage market declined in the first three months of the year, reduced its rates for its two-, three-, four-, five- and seven-year fixed rate loans.

Its three-year fixed rate for new and existing customers is set to fall by 1.05 percentage points to as low as ...