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Permanent TSB cuts fixed mortgage rates

Mortgage rates - Fixed rates cut
Mortgage rates - Fixed rates cut

Permanent TSB has announced cuts of up to 0.21 points on its range of fixed mortgage rates for periods from between two and ten years.

The lender says the move will result in a saving of €26.20 a month for a customer with a five year fixed rate mortgage of €250,000 over 20 years.

'There has been a lot of speculation about the possibility of interest rate rises in the coming months so we're seeing a lot more interest from people who are beginning to think of locking in to a fixed rate to save themselves worry and stress in the years ahead,' said Niall O'Grady, Head of Permanent TSB Marketing.

The rate cuts come into effect immediately.