This form should only be filled out if you are already on a 6 month COVID-19 payment break (moratorium/interest only).

Extending the term of your mortgage by 3 or 6 months will lower your new mortgage loan repayments when your payment break ends but the repayments will still be higher than they were before you took the payment break. This is due to the interest charged during the payment break. Extending the term of your mortgage by 3 or 6 months will also mean that you will pay more interest over the term of the mortgage loan.

For Payment Breaks expiring in September 2020, in order to avail of a Term Extension, please ensure that you submit the below form by the 28th September and be available for a call back within 24 hours of submitting this form.

 

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If you have more than 1 mortgage account number, please enter the additional account number(s) in the Reason for Request below.

Details of Borrower 1:

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Details of Borrower 2:

 
 
 
 

Details of Borrower 3:

 
 
 
 
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Please tick the below to confirm:

I/we understand that I/we do not have to give EBS information about my/our health. Where in support of this application, I/we may have provided information which comes under the definition of special categories of personal data (information regarding Race, Ethnic Origin, Political Opinion, Religious or Philosophical beliefs, Trade Union Membership, Biometric or Genetic Data, Health, Sex Life or Sexual orientation) and/or information relating to criminal convictions/offences, I/We consent to its storage and use in relation to this application. I/We understand that the information will only be used for this purpose. I/We may withdraw this consent at any time.

  

I consent to the use of my information as detailed above, where applicable.

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That this request is subject to approval by EBS.

  

A 3 or 6 month term extension will lower my/our new mortgage repayments when my/our payment break ends but the repayments will still be higher than they were before I/we took the payment break. This is due to the interest charged during the payment break. 

  

I/we understand that the term extension will increase the cost of credit and I/we will pay more interest over the term of the mortgage.

  

If I/we adjust my/our mortgage protection policy, so that it caters for the extended term this may be subject to additional health screenings and an increased premium(s) based on my/our Mortgage Protection Providers underwriting policy. If I/we decide not to put alternative mortgage protection life cover in place, any shortfall in life cover upon death may result in the loan being unpaid and the estate becoming liable for repayment of the loan.

  

That it is my/our personal responsibility to carry out a full review of the Home insurance, life assurance and mortgage payment protection cover if my/our request for a Term Extension is approved. I/we understand that this review is necessary to ensure appropriate cover is in place. For customer(s) who arranged House Insurance, Life Assurance and/ or Payment Protection Insurance through EBS, these premiums will continue to be collected via an amended direct debit. For non direct debit customer(s) these premiums will continue to require payment to avoid the account going into arrears. A missed insurance premium may affect your credit rating, which means you may have difficulty getting a loan or other form of credit in the future.

For qualifying accounts, Revenue give Tax Relief at Source (TRS) on the mortgage interest you pay in the current year on a private dwelling house. If you have taken a moratorium you may pay less interest this year than you would normally and this may mean your TRS reduces. Your TRS may vary each month, depending on what Revenue tell us to apply to your account, or if there is a change to your repayments. If we pay you too much TRS, we reserve the right to reclaim it, but we will contact you to tell you if we are going to do that. Please note it can take up to two months for TRS to be re-applied to your account after a moratorium period. If you have a question about TRS, you should contact Revenue’s helpline at 01 7383663 or their website at: www.revenue.ie

If you were on an agreed alternative repayment arrangement with the Bank prior to your first moratorium/interest only period, your previous mortgage repayments were restructured to a sustainable level that is affordable for you. At the end of your current moratorium/interest only period, if your mortgage repayment amount is no longer sustainable for you please contact us in the month before the moratorium/interest only period expires.

We recommend that you take independent legal and/or financial advice in relation to this Term Extension request.

DATA PROTECTION

For information in relation to how we collect personal information about you, how we use it and how you can interact with us about it, see our data protection notice in our EBS offices and on our website www.ebs.ie/dataprotection. It may change from time to time

STATUTORY NOTICES & WARNINGS

WARNING: YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE OR ANY OTHER LOAN SECURED ON IT.

WARNING: THE PAYMENT RATES ON THIS HOUSING LOAN MAY BE ADJUSTED BY THE LENDER FROM TIME TO TIME.

WARNING: IF YOU DO NOT MEET THE REPAYMENTS ON YOUR CREDIT AGREEMENT, YOUR ACCOUNT WILL GO INTO ARREARS. THIS MAY AFFECT YOUR CREDIT RATING WHICH MAY LIMIT YOUR ABILITY TO ACCESS CREDIT IN THE FUTURE.

Please be advised that if you do not repay the Mortgage Loan when due then you will be in breach of the terms and conditions of your mortgage and the Lender will take appropriate steps to recover the amount due. This could mean the Lender will commence legal proceedings seeking an order for possession against you, which will affect your credit rating and limit your ability to access credit in the future.

WARNING: THE ENTIRE AMOUNT THAT YOU HAVE BORROWED WILL STILL BE OUTSTANDING AT THE END OF THE INTEREST-ONLY PERIOD.

WARNING: YOU MAY HAVE TO PAY CHARGES IF YOU PAY OFF A FIXED-RATE LOAN EARLY

Endowment Mortgage Loans

WARNING: THERE IS NO GUARANTEE THAT THE PROCEEDS OF THE INSURANCE POLICY WILL BE SUFFICIENT TO REPAY THE LOAN IN FULL WHEN IT BECOMES DUE FOR REPAYMENT.

By clicking 'Submit' you consent to EBS calling you in relation to this request at any time between 9.00 to 18.00, Monday to Friday, or 9.00 to 17.00 on a Saturday. If you do not consent to this, please do not submit the form and instead, contact us on
1850 330 044.