Mortgage Options Brochure (pdf) - Permanent TSB

Getting you back on track…
your options
The alternative repayment arrangements that may be offered will
vary from case to case. Here are some examples of the options
that may be available:
Interest Only
This is where you pay only the interest on your mortgage for a specifi ed amount of
time. This option is also referred to as a “Capital Payment Holiday”.
Warning: Your current capital balance will still be outstanding at the
end of the interest-only period.
Interest and Part Capital
You can change to paying interest and some capital. This option allows you to pay
the interest on your mortgage, as well as some of the capital of the original amount
borrowed. This option is also referred to as a “Capital Payment Holiday Plus”.
Moratorium
This option allows you to defer paying all or part of your mortgage repayment for a
period of time. For example, this might be suitable if you have a temporary shortfall
of income.
Term Extension
You can change the term or length of your mortgage. This means you can reduce
your monthly repayment amount by extending the length (term) of your mortgage.
Arrears Repayment Plan
If you have some extra money at the end of the month you can opt for the Arrears
Repayment Plan, temporarily paying an increased monthly repayment which will be
used to clear your mortgage arrears.
Product Change
This option may be applicable if another type of mortgage is better suited to you. For
example, you could change from a fi xed rate mortgage to a variable rate mortgage.
Fixed rate
Warning: You may have to pay charges if you pay off a fixed-rate loan early.
Variable rate
Warning: The cost of your monthly repayments may increase.
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