Permanent TSB launches 'Take 4' mortgage
A new mortgage which allows customers to make no repayments during the first four months of the loan has been launched by permanent tsb bank.
The new loan is designed to help customers deal with the significant financial pressures associated with buying their new home.
The Take 4 Mortgage works by offering customers a payment holiday of up to four months after the drawdown of the loan. Iti s available on all new residential mortgages (not investment mortgages) and on both fixed and variable loans.
At the outset of the loan, customers indicate how long they would like their payment holiday to last. At the end of the holiday, the remaining payments are recalculated to take account of the payment holiday. The loan is paid off within the normal term.
