As expected – PTSB have confirmed that variable rate mortgages will rise from 3.19% to 3.69% on Monday 1st February 2010.
The rise will affect about 80,000 mortgage holders – around 45% of its home mortgage customers.
Increased repayments on a 50k mortgage will be about €15 a month
On a 150k mortgage – the payments will go up by €40 a month
A 250k loan will have increased repayments of €66 a month
A 300k mortgage will mean increase of €80 a month
See some alternatives to PTSB Variable Rates here
– PTSB currently have the lowest 5 year fixed rate mortgage if your LTV is under 50% and you are a new customer.