The article points out that:

As you’re on a standard variable mortgage, you’re paying an interest rate of 3.69 per cent — and your monthly repayments work out at about €1,150. You’re considering fixing your mortgage in case the standard variable rate goes up again.

As you’re an existing customer and you’re borrowing more than half the value of your home, the best five-year fixed rate you can get from Permanent TSB is 5.75 per cent. Under that rate, your monthly repayments are €1,460 says Michael Dowling of the Independent Mortgage Advisers Federation.

Now I don’t know about you but given the recent rate hikes by PTSB and the inevitable hikes that are about to come from AIB and BOI (BOI in particular) but this is something to be very concerned about.

Speak to your mortgage adviser immediately, you could be leaving a lot of money on the banking CEOs table.