Your first step on a green path

Our new Green Mortgage offers new and existing home loan customers a lower 5 year fixed rate of interest if you are buying, building, structurally renovating or currently own a high energy rated home. If your home has or will have a building energy rating of A1 to B3 (inclusive), and you have 5 years remaining on your mortgage term, then our Green rate is available to you.

*LTV is the value of the mortgage facility calculated as a percentage of the value of the property. See here for more detailed information on our LTV band rates.

Qualifying for a Green Mortgage Rate

Our Green Mortgage offer is available to new and existing home loan customers who choose a 5 year fixed rate option and are buying, building, or structurally renovating their home.  The property must have a Building Energy Rating (BER) of A1 to B3 (inclusive), and you must have 5 years or more remaining on your mortgage term.  For full details on how to qualify and eligibility criteria, see relevant information here.

What is a BER?

A Building Energy Rating (BER) rates the energy performance of your home on a scale from A (the highest) to G (the lowest). To find out more about BER, including applying for grants, costs involved for BER assessments, or downloading a copy of your BER certificate, visit

Green Qualification Criteria

You can avail of our Green fixed interest rate where:

  • the property you are buying, trading up, building or structurally renovating has or will have a BER of A1 to B3 (inclusive) or
  • your current property has a BER of A1 to B3 (inclusive), you have 5 years or more remaining on your mortgage and:
    • you are switching your mortgage loan to permanent tsb from another lender and the property has or will have a BER of A1 to B3 (inclusive) or
    • you are topping up an existing mortgage with permanent tsb to structurally upgrade the property to achieve an overall BER of A1 to B3 (inclusive) or
    • you are an existing customer and looking to switch to Green.

Please note: if you are already on a fixed rate with us and wish to switch to our Green Mortgage offer, a breakage fee may apply.

Important information

  • If you are building your own home or carrying out structural renovations, a BER certificate may not always be available at the time of application. We will accept an Engineers Certificate of Inspection in these cases, confirming the proposed BER post completion of the works.
  • If you already have a BER Certificate of A1 to B3 (inclusive), it is valid for 10 years, and a copy can be downloaded at no additional cost from However, if you do not have a BER Certificate or it has expired, there will be a cost associated with obtaining a new BER Certificate. Please visit for full details.
  • If you are an existing customer and wish to release equity from your home to achieve a BER of A1 to B3 (inclusive), the Green Mortgage will only apply to the top-up Equity Release amount and not to the existing loan.
  • The Green Mortgage excludes customers doing non-structural works where the BER cannot be certified. However, once you have fully drawn down your loan and your property has achieved an overall BER of A1 to B3 (inclusive), you may avail of our Green Mortgage post draw down upon production of a valid in-date BER Certificate. If you are on a variable rate there is no charge to switch to the Green Mortgage. If you are on a fixed rate, you will be charged a breakage fee to switch to the Green Mortgage, unless you wait until your initial fixed-rate term has matured.
  • The Green Mortgage is available only to home loan customers, who choose a five year fixed interest rate (excludes Buy to Let and Non-Structural Top Up Loans).
  • You must have a minimum term of 5 years remaining on your mortgage to avail of our Green Mortgage.
  • The Green Mortgage is not available with any variable rate options.
  • At the end of your initial fixed-rate period you can choose from our interest rate options available to existing customers at that stage, this may include a Green option. Should you choose our green fixed rate option, you must submit a valid BER Certificate (in-date), confirming a BER of A1 to B3 (inclusive).

Still not sure?

With rates starting as low as 3.20%, our Green Mortgage can offer real savings on your mortgage. For more information on specific applicable Loan to Value (LTV) rates, see our full table on our rates page.

*Rates based on an LTV of >60% & ≤80% and a loan amount of €300,000 over a 20-year term using our green high value five year fixed rate of 3.30% (APRC 3.66%) & our **Standard high value 5 year fixed rate based on an LTV of ≤ 80% and a loan amount of €300,000 over a 20-year term at a rate of 3.50% (APRC 3.76%). After year five, the fixed rate will mature to the prevailing Managed Variable Rate unless an alternative fixed rate is selected. The applicable maturity rate will be based on the LTV on the date your Maturity Options Letter is issued. High-value mortgage rates are available on loan amounts ≥ €250,000. Offer available to home loan mortgage customers. Qualifying criteria terms and conditions apply.

2&2 Cashback Offer

As well as our Green Mortgage, new customers can also avail of our award-winning Cashback offer, which gives you 2% cashback at drawdown and 2% cashback on your monthly repayments until 2027, when you pay from an Explore Account***.

Cashback offer available to new qualifying applicants who receive their full mortgage Letter of Approval from permanent tsb on or before 31 March 2024. Excludes 4 Year Fixed Home Loan New Business Rates, tracker, buy-to-let, negative equity and applicants refinancing an existing permanent tsb mortgage.

2% cashback at drawdown will be paid on the amount of the mortgage advanced. 2% cashback a/t drawdown is paid into the customer’s mortgage paying account (which does not need to be a permanent tsb account) within 40 working days of mortgage drawdown. The qualifying period (11 January 2016 until 31 March 2024) may be extended as permanent tsb decides. 2% cashback at drawdown excludes 4 Year Fixed Home Loan New Business Rates, tracker, buy-to-let, negative equity and applicants refinancing an existing permanent tsb mortgage.

2% cashback monthly will be paid until 31/12/2027. Your monthly mortgage repayment must be made from a permanent tsb Explore Account and meet qualifying criteria. ***Only mortgage payments made by Direct Debit or Internal Standing Order from an Explore Account will get the 2% cashback monthly. The Explore Account carries a €6 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.  If any changes to the billed monthly mortgage repayment are made they must be agreed by both you and permanent tsb to be eligible for the cashback monthly offer.

If either the Explore Account or the Mortgage is terminated for any reason then the monthly cashback will cease. Permanent tsb retains the right to close the Explore Account as per the General Terms & Conditions. Offer applies to home loans only i.e. excludes buy-to-lets. It should be noted that any change in use of the property from personal use to letting could have tax implications for you.

See here for more information about the unique benefits of the Explore Account from permanent tsb.

Lending Criteria

Lending criteria, terms & conditions will apply. Mortgage approval is subject to an assessment of suitability and affordability. Applicants must be aged 18 or over. Security is required and a 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 permanent tsb 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 a Loan to Value (LTV) greater than 80% with a variable borrowing rate of 3.90% on a mortgage of €100,000 is €600.72 for 240 months. The total amount repayable is €144,533.76. If interest rates increase by 1% an additional €53.72 would be payable per month. For this example, an Annual Percentage Rate of Charge (APRC) of 4.01% applies and consists of a variable borrowing rate of 3.90%, a valuation fee of €150, and a Property Registration Authority (PRA) fee of €175, and security vacate fee of €35.

Information correct as of 01 January 2023 but is subject to change.

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

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.

Warning: The cost of your monthly repayments may increase.


Talk to us today

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Ulster Bank Mortgage Customers

Here you will find details on the transfer of your Fixed or Variable Rate Mortgage, including helpful contacts, action needed and FAQs.


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