New Mortgage cashback initiative
Permanent TSB unveils initiative which gives home buyers a 2% ‘reward’ each month
Permanent TSB has confirmed the introduction of a new scheme for home buyers in which it will ‘reward’ customers with 2% of each monthly mortgage repayment made.
The new product will be available to all residential mortgage customers until December 2027 who receive loan approval from Monday 28th Aug 2017 and who make their monthly mortgage payments from an ‘Explore Current’ account.
2% Cash Back as well
The new initiative is in addition to the bank’s existing offering of a once-off cashback payment of 2% of the value of a full mortgage.
Under the two initiatives, a customer with a €180,000 mortgage will receive a €3,600 one-off payment on loan drawdown and a payment of €18.21 to their current account each month.
Customers who have recently received mortgage approval but who have not yet drawn down their mortgage will be invited to avail of the new offer. However, it will not be available for those taking out a buy-to-let mortgage.
Terms & Conditions
Obviously Terms and Conditions apply to these initiatives, so make sure you are fully informed.
Give us a call. We are happy to answer any questons you may have. We can also assess your ability to get a mortgage and how much you can borrow.