Permanent tsb has cut the interest rate on its fixed-rate mortgages.
A one-year fixed mortgage for existing customers has been cut by 0.1 of a percentage point to 3.5 per cent and for new business a two-year fixed rate of 2.45 per cent is available, a cut of 0.15 per cent.
The rate on a three-year fixed rate mortgage has been cut from 4.3 per cent to 3.94 per cent and a five-year fixed-rate mortgage has been cut from 4.9 per cent to 4.44 per cent.
Permanent tsb said the rate cuts will lead to savings of €62.50 per month for a customer with a €250,000 mortgage over 20 years based on a five-year fixed rate mortgage.