Permanent TSB Bank is hosting a Mullingar Mortgage Event tonight, Tuesday 17 October at Mullingar Park Hotel, from 6pm to 8pm, in association with Property Partners McDonnell. Permanent TSB and Property Partners staff will be on hand to answer questions from first time buyers, as well as movers and self-builders. Everyone is invited to drop in to the event and there is a chance to win some great prizes.
Permanent TSB has just launched a major new initiative for the mortgage market under which it is rewarding customers with 2% of each monthly mortgage payment made by the customer. This is in addition to the existing offer of a one-off cashback payment of 2% of the value of the full mortgage.
For a customer with a €300,000 mortgage, the bank will pay them approximately €6,000 on loan drawdown and then €30 each month directly to their Explore Account (or other nominated and permitted Permanent TSB account).
Permanent TSB has committed to making these payments each month until December 2027. Terms and conditions apply and are available on request.
The new product is the first of its kind in Ireland. The 2% monthly reward is available to all residential mortgage customers who received loan approval from Monday 28 August and who make their monthly mortgage payments from an Explore Account. Customers do not have to lodge their salary to this Explore Account to qualify.
Customers who have recently received mortgage approval but who have not yet drawn down their mortgage are invited to avail of the new offer. The new offer is not available for customers taking out a Buy-to-Let or investment mortgage.
Head of Branch Sales Management at Permanent TSB Group, Edward Kearney, said: "We are looking forward to welcoming everyone to the event at the Mullingar Park Hotel on Tuesday 17 October – it is a great opportunity for first time buyers to get reliable information and guidance on all things mortgage related."