Got a question about mortgages? Take a look at our FAQ below or give us a call on 0818 50 24 24 or +353 1 212 4101 for more info.
There are different lending criteria for different types of borrower. Check here to see which category you fall into:
I’m switching my mortgage to permanent tsb from another bank to permanent tsb:
I’m switching my mortgage to permanent tsb and looking to borrow additional funds (via Equity Release):
I’m switching my Buy-to-Let mortgage to permanent tsb:
Find out by getting Approval in Principle in just 15 minutes by either dropping into your nearest branch or calling 0818 210 585 or +353 1 215 1339. You don’t need to provide anything for Mortgage AIP, it’s simply a chat about your finances. We’ll ask you about how much you earn, what loans you have and what type of mortgage you’re looking to switch (i.e. how much you want to borrow and for how long) – this helps us decide how much we can lend you. While it’s not a final approval, this helps us to decide how much we could lend you.
The minimum mortgage amount you can borrow is €40,000. The maximum amount you can borrow depends on several factors such as your income and your capacity to repay your loan.
Our minimum term is 5 years and our maximum term for home mortgages is 35 years. Our maximum term for Buy-to-let mortgages is 25 years.
It’s a requirement of your mortgage to have home insurance and life cover in place for the duration of your mortgage term. Talk to one of our Insurance Advisors in branch or on 0818 818 747 or + 353 1 655 0547 today. This policy can be obtained from a provider other than permanent tsb.
As part of the switching process you will need to provide us with a current valuation of your property completed by a member of the Bank’s valuation panel. You will also need to appoint a solicitor to take care of the legal work involved. However our 2% cash back will go a long way to covering your legal fees!
Property stamp duty is only payable on the purchase of a property and does not apply when switching your mortgage.
Wherever you are on your mortgage journey, whether you’re ready to make an application, or just want to ask some questions – we’re here to support you so book an appointment today with our mortgage team!
We’ll outline the mortgage process and the required documents you’ll need for your application and you can then gather and submit the documents required at a time that suits you, allow 1-2 weeks for gathering these documents.
Once we receive your application and supporting documentation, we will get back to you in 3 working days to let you know if it’s ready to go to our underwriting team for a full assessment, or if we need any further documents or information from you first.
Once we submit the documents to our underwriting team for full assessment we’ll let you know if we can approve your application within 10 working days. In the rare event that we can’t come to a decision in that timeframe, we’ll be in touch to let you know and to inform you of when we will have a decision.
Once your application for credit is approved, you will be required to arrange for a valuation of your property. A credit check will also be undertaken on all applicants of the mortgage.
A Letter of Approval is issued to your solicitor who will work with permanent tsb and your existing mortgage provider to finalise your switch.
A mortgage rate option comparison document is provided to all New Business Customers. The purpose of this document is to provide you with clear and transparent information, specific to your application in relation to the different mortgage rate options available. This document will help you decide on the rate option that’s best for you, it will be provided once you have started your application with your mortgage consultant and at key stages of your home buying journey including: your Underwritten Approval in Principle (AIP) and your Letter of Approval.
The details provided on each rate option are outlined below. This information will allow you to compare the mortgage rate options available to you which will help inform you to make your decision.
View Mortgage Rate Option Comparison document (ROC) here.
These are our new business variable rate products and are structured in terms of the Loan to Value (Level of debt as a percentage of the property value).
They represent a 0.50% reduction on our MVRs for the first 12 months of the mortgage for all Loan to Values up to 90%.
After the initial 12 months the Discounted MVR matures to our MVRs (dependent on the mortgages original LTV). The MVR will be 0.50% above the Discounted MVR.
| LTV Bracket | Discounted MVR Rate |
| Less than or equal to 50% | 3.10% |
| Greater than 50% & less than or equal to 60% | 3.20% |
| Greater than 60% & less than or equal to 70% | 3.30% |
| Greater than 70% & less than or equal to 80% | 3.35% |
| Greater than 80% & less than or equal to 90% | 3.40% |
After the initial 12 months your Discounted MVR matures to one of our MVRs (dependent on the mortgage LTV at drawdown), which are variable rates for our existing customers.
It's important to remember that Discounted MVRs are variable rates and can increase or decrease. The MVR may vary from time to time without regard to variations in any other interest rate used by permanent tsb.
LTV Bracket MVR Rate
| LTV Bracket | MVR Rate |
| Less than or equal to 50% | 3.60% |
| Greater than 50% & less than or equal to 60% | 3.70% |
| Greater than 60% & less than or equal to 70% | 3.80% |
| Greater than 70% & less than or equal to 80% | 3.85% |
| Greater than 80% & less than or equal to 90% | 3.90% |
| Greater than 90% | 3.95% |
All new variable rate Home Loan customers whose LTV is 80% or less and who receive mortgage approval on or after 16th July 2015. These include:
No, existing permanent tsb customers cannot avail of our Discounted MVRs.
We will however shortly be writing to qualifying permanent tsb Home Loan customers outlining how they can transfer to one of our Base MVRs, which is assessed based on their current Loan to Value
No, Discounted MVRs are not available to Buy-to-Let customers.
We currently do not offer discounts to our MVRs at this LTV, however customers looking to apply for a mortgage with an LTV greater than 80% can continue to apply for our MVR’s or our comprehensive suite of fixed rates.
Talk to one of our dedicated mortgage consultants who will be able to advise you whether or not you can qualify to apply for one of our Discounted MVRs.
You can also contact Open24 on 0818 502 424 or + 353 1 212 4101 and one of our qualified agents will also be able to advise you whether or not you can qualify to apply for one of our Discounted MVRs.
We will be writing to all Home Loan customers who have a Letter of Approval, but have not drawn down the loan, advising them about the launch of our Discounted MVRs.
If customer chooses the discounted variable rate they subsequently will receive a revised Letter of Approval confirming the change in rate and the mortgage Terms and Conditions, subject to satisfying full credit assessment and criteria.
Your repayments will alter in line with the prevailing MVR at the date of maturity.
It’s important to remember that MVRs are variable rates and can increase or decrease. The MVR may vary from time to time without regard to variations in any other interest rate used by permanent tsb.
You will be notified in writing of any changes to both your rate and repayment. This will confirm your amended rate, repayment and the effective date.
Once your mortgage matures to a MVR this will remain on the MVR until a time where the you decide to change the terms and conditions of the product.
No. Discounted MVRs are only available to customers whose Letter of Approval is issued on or after 16th July 2015 and confirms that a Discounted MVR is the rate applying.
Open24