Another lender's announced its increasing its mortgage interest rates.

Permanent TSB says its fixed term homeloans for new customers will rise by zero point 4 per cent following the recent ECB increases, it won't impact on existing borrowers.

Anyone who has already been approved for a new mortgage by the bank will be given 90 days to draw down the loan at the current lower rate, but it will increase from February 15th.

However its not increasing its variable rate mortgages and is increasing rates on some deposit accounts.

 

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