Permanent TSB to cut mortgage rates

Permanent TSB has announced it's cutting mortgage rates for new customers. The lender will reduce its interest on variable rate mortgages for new homeowners by between 0-point-36 and 0-point-42 per cent. The new variable rate for mortgages of between 70 and 80 percent of the value of the house will drop by nearly half a percent to 4-point-zero-7 percent. Karl Deeter of the Irish Mortgage Brokers and Advisors says PTSB's move is a sign of increased competition in the mortgage market Press PLAY button above to listen to the audio 

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