Following the announcement of the ECB to increase its interest rates by 0.50%, Permanent TSB has confirmed that it has no plans to pass on this interest rate rise to the bank’s personal fixed and variable rate mortgage customers.
Speaking today, Permanent TSB CEO Eamonn Crowley said;
‘We are pleased to provide reassurance to our personal fixed and variable rate mortgage customers that we have no plans to pass on today’s ECB rate increase.
We will keep our position under review in light of any further market changes.’
The terms and conditions of tracker mortgages are linked to ECB interest rates and automatically increase or decrease in line with ECB interest rates. As such, Permanent TSB’s tracker mortgage rates will automatically increase following today’s ECB rate increase and any future interest rate increases.