LEADING lender Permanent TSB is to cut its mortgage rate for new buyers by almost 1pc, -- the first time in almost four years that a bank has reduced its borrowing cost.
The move is expected to be followed by other lenders in what could be a crunch year for the mortgage market.
Experts have predicted that there could be a tentative revival of the market due to lower interest rates, a Budget-day boost for home buyers, and more lending by banks.
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