Permanent TSB has launched a new green mortgage product, which offers discounts of 0.2% on five year fixed rates for both new and existing mortgages on homes with a Building Energy Rating of A1 to B3.
The rates will start at 2.35% for five-year fixed rates where the Loan to Value (LTV) is less than or equal to 80% and the value of the mortgage is equal to or more than €250,000.
Permanent TSB said its new green mortgage product is a key feature of the bank's recently announced sustainability strategy.
The new green mortgages will be available from April 30 for homes with an energy rating of B3 or higher.
They are open to first-time buyers, people moving home and people switching their mortgage to the bank.
They can also be combined with PTSB's cashback offer for new mortgage customers, which gives new mortgage customers 2% of the value of their mortgage back in cash.
Jeff Harbourne, Head of Personal Banking at PTSB, said this is the first of many sustainable finance products that the bank will offer under its new sustainability strategy.
"We are offering better home loan rates to customers who are buying energy-efficient, sustainable homes with an energy rating of B3 or better. These new rates highlight our commitment to sustainability and the importance of giving access to attractive sustainable financial products to our customers," he added.
Last week, Permanent TSB also announced a reduction to its four-year fixed rate mortgage product to 2.05% for new customers with a Loan To Value (LTV) of less than 80%.
For new customers with an LTV from 80% to 90%, the rate falls from 2.55% to 2.35%.
