Thursday 23 November 2017

Mortgage cuts are on the way

LENDER Permanent TSB is set to cut its mortgage rate for new buyers by almost 1pc.

The move is expected to be followed by other lenders in what could be a crunch year for the mortgage market.

Experts have predicted that there could be a tentative revival of the lending market due to lower interest rates, a Budget day boost for home buyers, and more lending by banks.

Permanent TSB was due to announce today that its variable rate for new buyers will drop to as low as 3.69pc from next Monday.

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