Permanent TSB offers a comprehensive range of mortgage products designed to suit a variety of needs, including options for first-time buyers, movers, and those looking to switch their mortgage. Customers can choose from competitive fixed-rate terms ranging from 2 to 7 years, with recent significant rate reductions making these products even more attractive. Permanent TSB also featuresGreen Fixed Rate mortgages for energy-efficient homes (BER A1 to B3), offering lower rates and real savings, as well as cashback incentives for eligible customers. Their flexible lending criteria allow for up to 90% loan-to-value for first-time and second-time buyers, and up to 85% for switchers releasing equity. With a strong focus on value and customer service, Permanent TSB’s mortgage suite is tailored to support a wide range of home buyers across Ireland.
Need guidance for the right Permanent TSB mortgage? Get in touch with John Coleman, Mortgage Broker, for a complimentary consultation and expert advice tailored to your needs. Call 01-8102032 or email info@jcmortgages.ie to get started on your home buying journey.
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Permanent TSB Mortgage Products
Permanent TSB products range includes First-Time Buyer Mortgages with cashback offers, Switcher Mortgages for those transferring from another lender, Second-Time Buyer Mortgages for movers, Self-Build Mortgages for new constructions, and Top Up Mortgages to help fund renovations or other needs.
First-Time Buyer Mortgages
Tailored for first-time buyers in Ireland, this mortgage option offers up to 90% Loan-to-Value (LTV) on the property’s purchase price—helping you take that exciting first step onto the property ladder with greater ease.
Key features include:
- Generous Cashback Offers: Permanent TSB provides 2% cashback on the mortgage amount at drawdown, plus an additional 2% cashback monthly if repayments are made from a PTSB Explore Account
- Competitive Fixed Rates: Following recent rate cuts, Permanent TSB offers some of the most competitive fixed rates in Ireland, with rates as low as 3% for certain (LTV) brackets and a strong focus on value for first-time buyers
- High Loan-to-Value (LTV): First-time buyers can borrow up to 90% of the property’s value, making it accessible for those with smaller deposits
- Green Mortgage Options: Special lower rates are available for energy-efficient homes, supporting buyers interested in sustainability
- Flexible Terms: A range of fixed and variable rate options with different term lengths to suit various needs
- Loan amount: Will usually not exceed 4 times your gross (before tax) annual income. In some cases, exceptions may allow you to borrow more, but these are limited and subject to stricter criteria
Switcher Mortgages
Permanent TSB’s Switcher Mortgage is designed for homeowners who want to move their existing mortgage from another lender to PTSB, often to take advantage of lower interest rates or better terms. This switcher mortgage is particularly attractive for those seeking to reduce their repayments, access cashback incentives, or lock in a competitive fixed rate. However, you should consider any potential breakage fees from your current lender and additional costs such as legal fees when switching.
Key features include:
- Competitive Fixed Rates: PTSB offers fixed interest rates starting as low as 3% for four-year terms, with recent rate reductions making their switcher products among the most competitive in Ireland
- Cashback Offer: Switchers can benefit from a 2% cashback on the mortgage amount at drawdown, and an additional 2% cashback on monthly repayments if repayments are made from a PTSB Explore Account
- Loan-to-Value (LTV) Limit: To switch, your LTV must be 90% or less. If you’re switching and releasing equity, the maximum LTV is 85%
- Eligibility: The switcher mortgage is available for principal private dwellings, not for Buy to Let properties. Approval is subject to standard lending criteria, assessment of suitability and affordability
- Green Mortgage Options: Lower rates are available for energy-efficient homes (BER A1 to B3), supporting sustainable homeownership
Second-Time Buyer Mortgages
Permanent TSB’s Second-Time Buyer Mortgage is designed for those moving to a new home or upgrading their property. This mortgage is tailored to help existing homeowners move up the property ladder, with flexible deposit options and borrowing limits based on your income and equity position.
Key features include:
- Loan-to-Value (LTV): You can borrow up to 90% of the new property’s purchase price, meaning you’ll need a minimum deposit of 10%. If you’re switching your mortgage from another bank and releasing equity, the maximum LTV is 85%.
- Loan Amount: The maximum you can borrow is typically up to 3.5 times your gross (before tax) annual income.
- Deposit Sources: Your deposit can come from savings or the equity released after selling your current home.
- Repayment Example: For a 20-year mortgage with an LTV greater than 80% and a variable rate of 4.70%, monthly repayments on €100,000 would be €643.50, with a total repayable of €154,799.06. If interest rates rise by 1%, repayments would increase by €55.73 per month.
For second time buyers, there can be additional costs so, remember to budget for extra expenses such as valuation fees, solicitor fees, and moving costs.
Self-Build Mortgages
Permanent TSB’s Self-Build Mortgage is specifically designed for individuals planning to construct their own home, offering tailored support and flexible financing. Suitable for both first-time and second-time buyers who want to construct a home to their own specifications, with flexible drawdown, competitive rates, and cashback incentives
Stage Payments: Funds are released in stages as your build progresses, so you only pay interest on the amount drawn down at each stage, not the full loan from the start.
Maximum Loan-to-Value (LTV): You can borrow up to 90% of the total cost (site value plus construction costs) or the final valuation on completion—whichever is lower. This means you’ll need at least a 10% deposit, and if you already own the site, its value can count towards your deposit
Key features include:
- Loan Amount Limits: For first-time buyers, the maximum loan typically does not exceed 4 times your gross annual income; for second-time buyers, it’s usually capped at 3.5 times.
- Cashback Offer: You’ll receive 2% cashback on your mortgage amount at drawdown, providing extra funds as you start your build.
- Lending Criteria: Approval is subject to standard lending criteria, including assessment of suitability and affordability. You must be at least 18, and life and home insurance are required..
Along with self-build mortgages come additional considerations: The process requires more extensive documentation, including detailed costings, planning permission, and stage payment certificates. Be prepared for additional costs such as planning fees, engineering fees, and utility connections.
Top-Up Mortgages
Permanent TSB’s Top-Up Mortgage (also known as a home improvement loan or equity release) allows existing mortgage customers to borrow additional funds against the equity in their home for purposes such as renovations, debt consolidation, education, or other major expenses.This is a practical way to access extra funds using your home’s equity, with competitive rates and flexible options for a range of financial needs. Approval is subject to standard lending criteria, including an assessment of affordability and suitability
Key features include:
- Flexible Use of Funds: You can use a top-up mortgage for a variety of reasons, including home improvements, consolidating debts, or funding major life events. For amounts above €70,000, the funds are typically restricted to home improvement projects, and you’ll need to provide quotes and, if necessary, planning permission.
- Loan-to-Value (LTV) Limits: The maximum LTV for a top-up mortgage is generally up to 90% of your property’s value for first- and second-time buyers, or up to 85% if you’re switching and releasing equity from another lender.
- Loan Amount: The total amount you can borrow (existing mortgage plus top-up) usually cannot exceed 4 times your gross annual income for first-time buyers, or 3.5 times for second-time buyers.
- Application Process: You’ll need provide details on the purpose and amount needed, and submit supporting documentation such as quotes for works or receipts, especially for larger loans.
- Repayment Example: For a €100,000 top-up mortgage over 20 years at 4.70% (LTV >80%), monthly repayments would be €643.50, with a total repayable of €154,799.06
Summary Table: PTSB Mortgage Products
| Product Type | Who’s it for? | Max Loan-to-Value | Special Features |
| First-Time Buyer | First home buyers | 90% | Cashback, fixed/variable rates |
| Home Mover | Moving to new home | 90% (sometimes 80%) | Tracker portability, negative equity moves |
| Switcher | Switching from another bank | 85% | Cashback, equity release |
| Self-Build | Building your own home | 90% | Staged payments |
| Top-Up | Existing PTSB customers | N/A | For home improvements |
| Green Mortgage | Energy-efficient homes | 90% | Lower rates, needs BER certificate |
Interest Rates
Permanent TSB offers a range of competitive fixed-rate mortgage products, with recent significant reductions across all fixed-rate terms. As of January 2025, PTSB’s fixed rates are among the most attractive in the Irish market, with options available for 2, 3, 4, 5, and 7-year terms. The bank’s 4-year fixed rate for customers with a loan-to-value (LTV) ratio below 60% is now a market-leading 3%, and substantial rate cuts—up to 0.95%—have been applied to 5- and 7-year fixed products. These new rates are available to both new and existing customers.
Fixed Rate Mortgages
With a fixed-rate mortgage, your interest rate and monthly repayments remain unchanged for a specific term, whether that’s 2, 3, 4, 5, or even 7 years, providing predictable costs that make budgeting easier.
Just keep in mind: if you choose to repay your mortgage early during this fixed period, an early repayment charge may apply.
Variable Rate Mortgages
Your interest rate may rise or fall over time, meaning your monthly repayments can vary accordingly. Enjoy the flexibility of making early repayments without any penalties.
Green Mortgages
Enjoy exclusive lower fixed rates if your home boasts a high energy efficiency rating—BER A1 to B3. This offer is open to both new and existing customers, including those improving their home’s BER through upgrades. To qualify, a valid BER certificate is required.
Cashback Offers
Cashback offers are special deals from Permanent TSB (PTSB) where you get money back when you take out a new mortgage with them in Ireland.
- 2% Cashback at Drawdown: When your mortgage is paid out (drawdown), you get 2% of the loan amount back in cash
- 2% Cashback Monthly: If you pay your mortgage from a PTSB Explore Account, you get 2% of your monthly repayment back as cashback until December 2030. The account has an €8 monthly maintenance fee
About Permanent TSB
Permanent TSB (PTSB) is one of Ireland’s longest-standing financial institutions, with origins tracing back to the early 19th century and the establishment of trustee savings banks in cities such as Waterford, Cork, and Dublin. The modern bank emerged through a series of significant developments, including the 1999 merger of Irish Life Assurance and Irish Permanent Building Society, followed by the acquisition of the Irish Trustee Savings Bank in 20012. These milestones led to the formation of the entity now known as Permanent TSB.
Today, the bank serves over one million customers across Ireland, offering a broad suite of personal and business banking services including current accounts, savings, personal loans, credit cards, insurance, and a strong focus on residential mortgages for first-time buyers, home movers, switchers, and self-builders.
Important Notes:
- Lending terms and conditions apply. Mortgage approval is based on suitability and affordability checks. Applicants must be 18 or older. Security is required, and the credit agreement will be secured against the property. Life and home insurance are mandatory. Permanent TSB plc is regulated by the Central Bank of Ireland.
Why choose JC Mortgages as your Permanent TSB mortgage broker?
With 20+ years in the mortgage industry, John Coleman and his team of expert mortgage advisors are ready to help you with your Avant Mortgage application, ensuring you have a specialist on hand from the start to the end of your mortgage process. Contact JC Mortgage Brokers for a free consultation and expert mortgage advice. Make contact today on 01-8102032 or email info@jcmortgages.ie.
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