There’s some welcome news for those with mortgages from Permanent TSB.
The lender has announced a cut of zero-point-5 per cent in its variable rate home loans.
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The cut will apply to home owner mortgage customers only.
The new rate of 4-point-6-9 per cent takes effect from May 14th for owner-occupiers only.
The cut means that a person with a 200-thousand euro mortgage will see a reduction of around 52 euro a month on repayments.
The bank says a total of 74-thousand-500 customers will benefit from the move.
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