Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Regarding the issue of fixed rates, again, Permanent TSB makes a distinction between the rates it charges new customers and the rates it charges existing customers. Is it correct that a new customer can lock in for a period of up to five years at the published rates? Is it therefore correct that a new customer with a mortgage fixed for five years with an LTV of less than 60% can avail of a rate of 3.4%? Is there no LTV banding of fixed rates for an existing customer? There is a two-year, three-year and five-year fixed rate offering, and I know for a long time Permanent TSB did not offer any fixed rates to existing customers. That changed, which I welcome.