PTSB will get you moving on your home buying journey

When it comes to buying a house, PTSB is here to support you at every stage of your journey. Whether you’re just getting started saving for your deposit or have found your dream house and are looking for mortgage approval, PTSB is bringing the best of technology and people together for a mortgage experience that works for you. With the new online mortgage portal and a dedicated mortgage team, PTSB can help get you moving to your first home or your next home.

Saving and your budget

As a general rule of thumb, you will need a deposit of at least 10% of the house price as a First Time Buyer and a Second Time Buyer. You’ll want to get into the habit of saving a regular amount every month to demonstrate your repayment ability. Through paying rent or saving the equivalent of your monthly mortgage repayment amount, you can show that you can repay your proposed mortgage repayment.

Use the PTSB Mortgage Calculator to check how much you could borrow and how much your monthly repayments would be.

New online mortgage portal

For your first home, or your next, the PTSB online mortgage portal will get you moving.

Using the online mortgage portal you will:

• - Start your mortgage application online, in minutes
  • - You’ll be assigned a Mortgage Consultant to help you through your journey
    • - Upload documents in one easy location
      • - Communicate with a Mortgage Consultant directly through the portal
        • - Track the progress of your application

Once your completed application is reviewed and submitted, PTSB will work to give you Mortgage Credit Approval in 72 hours.

Finding the mortgage that’s right for you

There is a range of mortgage options available at PTSB to suit your needs and lifestyle. Get 2% cashback at drawdown and 2% cashback on your monthly repayments when you pay from an Explore Account until 2030, with the PTSB mortgage cashback offer. The PTSB Green Mortgage offers a lower 3 year fixed rate for new customers or 5 year fixed rate for new and existing customers if you are buying, building, structurally renovating or currently own a high energy rated home and your home has or will have a building energy rating of A1 to B3 (inclusive).

Find out more about the mortgage interest rate options available to you by using the PTSB Mortgage Rate Selector tool. 

Wherever you are in your home buying journey we’re here to support you along the way so book an appointment or apply online to start moving today.

Information correct as of 22nd March 2024 but is subject to change.

Lending criteria, terms & conditions will apply. Mortgage approval is subject to assessment of suitability and affordability. Applicants must be aged 18 or over. Security is required and credit agreement will be secured by a mortgage or by a right related to residential immovable property. Life and Home Insurance are also required.

For First Time and Second Time Buyers a maximum Loan to Value (LTV) of 90% will apply to a property’s purchase price. The maximum LTV for customers who hold their current mortgage with another bank but wish to switch their mortgage to PTSB while also releasing equity is 85%. Maximum loan amount will typically not exceed 4 times an individual’s gross income for First time Buyers & 3.5 times an individual’s gross income for Second time Buyers.

The monthly repayment on a 20 year mortgage with Loan to Value (LTV) greater than 80% with variable borrowing rate of 4.70% on mortgage of €100,000 is €643.50 for 240 months. Total amount repayable is €154,799.06. If interest rates increase by 1% an additional €55.73 would be payable per month. For this example, Annual Percentage Rate of Charge(APRC) of 4.84% applies and consists of variable borrowing rate of 4.70%, valuation fee of €150, Property Registration Authority (PRA) fee of €175, and security vacate fee of €35.

72 hours starts once your application is completed and submitted for credit assessment during business hours. Excludes weekends. If any documentation is missing or additional information is required to reach a credit decision, we will notify you which may impact the decision time.

2% & 2% cashback offer available to new applicants who receive full letter of approval up to 31/03/2025. 2% cashback at drawdown will be paid on the amount of the mortgage advanced. Excludes 4 year fixed home loan new business rates, tracker, buy-to-let, negative equity, and applicants refinancing an existing PTSB mortgage. 2% cashback monthly will be paid until 31/12/2030. Your monthly mortgage repayment must be made from a PTSB Explore Account and meet qualifying criteria. The Explore Account carries an €8 monthly fee for maintaining the account. Any items that are returned unpaid (including Direct Debits and Standing Orders) will incur the appropriate unpaid item charge and other charges may apply. eStatements only. 2% cashback monthly offer applies to home loans only (i.e. excludes buy-to-let).

Green Mortgage available to new and existing home loan customers (excludes Green 3 Year Fixed Home Loan interest rate available to new business only). A valid BER certificate of A1 to B3 (inclusive) is required. Self-Builds & Structural renovations can avail of this rate upon submission of their certificate of inspection duly completed by the Engineer certifying a proposed BER of A1 to B3 (inclusive).

Permanent TSB plc trading as PTSB is regulated by the Central Bank of Ireland.

Warning: If you do not keep up your repayments you may lose your home.

Warning: The cost of your monthly repayments may increase.

Warning: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit, a hire- purchase agreement, a consumer-hire agreement or a BNPL agreement in the future.

Warning: You may have to pay charges if you pay off a fixed-rate loan early.

The content of this blog does not constitute advice and is for general information purposes only. Readers should always seek professional advice before relying on anything stated in the blog. Some of the links above bring you to external websites. Your use of an external website is subject to the terms of that site.