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PTSB to Cut Rates for Home Loans for New Buyers

Posted on Thursday, January 19, 2012 by Julie Blake

LEADING lender Permanent TSB is to cut its mortgage rate for new buyers by almost 1pc, -- the first time in almost four years that a bank has reduced its borrowing cost.

The move is expected to be followed by other lenders in what could be a crunch year for the mortgage market.

Experts have predicted that there could be a tentative revival of the market due to lower interest rates, a Budget-day boost for home buyers, and more lending by banks.

Read the full story in the Irish Independent ...