Permanent TSB has announced it's increasing mortgage interest rates.
It's following AIB and Bank of Ireland - with rates going up for new customers from February 15th by 0.4%.
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.
The bank is not increasing its variable rate mortgages and is increasing rates on some deposit accounts, and the move won't affect existing customers.
The bank has announced it's increasing rates on some deposit accounts.
Patrick Farrell, Retail Banking Director, says: "For any customer applying for a mortgage over €250,000 the increases range from 0.05% to a maximum of 0.45%.
"We are seeking to balance the reality of the increased interest rate environment with the need to provide a competitive offering to our mortgage customers and to provide certainty, in particular, to those customers who are already advanced on their mortgage journey.
"We also recognise the need to re-commence increasing deposit rates for savers and we are pleased to start this today by introducing increases to our Regular Saver and Fixed term deposit accounts’."
