PERMANENT TSB has introduced a new low-priced fixed rate for those who choose not to take cash back when they draw down their mortgage. Cash-back offers make mortgage rates more expensive, experts argue. The bank, which is led by Eamonn Crowley, will also continue to offer the cash-back at drawdown feature for mortgage customers. The latest data from the Central Bank shows that mortgage rates in this country are again the most expensive in the Eurozone. But mortgage experts argue that cash-back incentives that are offered by Bank of Ireland, Permanent TSB, and AIB-owned EBS are also keeping rates artificially high.

Source: Irish Independent March 29, 2021 12:18 UTC