At last, some good news for mortgage holders
The intensification of competition amongst the banks on mortgages may finally represent a boon for borrowers. Most businesses, but particularly banks keep the score in money, your money; so getting some of it back would mark a pleasant reverse.
Irish people are notoriously reluctant to switch their mortgages but the crowded market place is producing innovations and offers which have enticed people to move and so inject new energy into the sector.
Permanent TSB sprang to match the cash-back offer for mortgage customers offered by Bank of Ireland.