New Permanent TSB mortgage launched for Irish market

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New Permanent TSB mortgage launched for Irish market

Wed 4th May 2005

A new Permanent TSB mortgage has been launched for the Irish market. The product gives borrowers the opportunity to take a repayment break of up to four month at the start of the loan.

Under the terms of the Take 4 TSB mortgage, customers stipulate at the start of the loan how long they want their payment holiday to be.

At the end of this period repayments are adjusted to take account of the time off and the mortgage is paid over the normal period.

The new TSB mortgage option is available on all new fixed and variable residential mortgages. The bank hopes that the deal will help customers deal with the immediate financial pressures of buying a new home.

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