The EBS up to 3% Back in Cash Mortgage Offer

• You are a mortgage customer who is a first time buyer, a mover, or is switching a mortgage loan to us;
• The purpose of your mortgage loan is to purchase your principal private residence in Ireland or to switch the mortgage loan relating to your principal private residence in Ireland to us;
• You have a mortgage loan that draws down between 1^st January 2019 and 31^st of December 2020;
• We receive a fully completed copy of the EBS Back in Cash application form from you and this has been accepted by us; and
• You have a valid SEPA Direct Debit set up on the current account used for the mortgage repayment.
• If you have a tracker mortgage with another mortgage provider, switching your mortgage to EBS means you will lose your existing tracker rate. We recommend you seek independent financial advice before deciding to switch your mortgage.
  
• To be eligible for the 1% back in cash after Year 5, you must, on the 5th year anniversary of the mortgage loan drawdown date:
  • Have made all your mortgage loan repayments in full and on time
  • The property to which the mortgage loan relates, is still your principle private residence in Ireland

• You are an existing EBS mortgage customer who is availing of a top-up loan or a transfer of title mortgage loan; and/or
• You have already availed of an EBS Back in Cash offer for a mortgage loan relating to the same property.

• This Back in Cash offer is available for first time buyers, movers or switchers. It is not available for transfers of title or top up applications
• Competitive interest rates including Variable relative to your loan to value and Fixed rates
• For customers who are unsure of what type of rate to select, EBS provide the option of splitting the loan amount in two, so you can avail of both the variable interest rate on a portion of the loan and a fixed interest rate on the remaining portion of the loan
• Up to 90% Loan To Value (LTV)
• Up to 80% loan to value is available for a studio apartment valued at €275,000 or above, or a one bedroom property. We do not lend for the purchase of studio apartments valued at under €275,000.
  
• Repayment term up to 35 years, subject to the age of borrowers
• You will need to be over 18 and security will be required before you can obtain a mortgage
• What you can borrow will also depend on what you can comfortably afford to repay monthly. This typically should not exceed 35% of your disposable income, however this may vary according to individual circumstances
• If you take a Mortgage with a fixed rate of at least one year and decide to repay whole or part early or if you convert to a variable interest rate or if you change to another fixed interest rate, you may incur an early breakage cost payable to EBS d.a.c.
• You will require Mortgage Protection Cover which can be arranged via EBS or you may purchase this through another Insurance company
• Keep in mind you will also need money for Valuation fees (you will need to use a valuer from the EBS Residential Mortgage Valuers panel), Legal fees, maybe a Surveyor and Stamp Duty fees. Also remember possible repairs and decoration costs on your new home.

EBS Back-in-Cash Mortgage Offer

• 2% Back–in-Cash at drawdown means we will pay you 2% of the mortgage loan amount that is drawn down. We will pay this 2% into the current account you use for mortgage repayments within two months of drawdown.
• 1% Back-in-Cash in year 5 means we will pay you 1% of the mortgage loan amount originally drawn down. We will pay this 1% into the current account you use for mortgage repayments within two months of the 5th year anniversary of the mortgage loan drawdown date.

To qualify for the EBS Back-in-Cash Mortgage Offer

• You must draw down the mortgage loan between 1 January 2019 and 31 of December 2020.
• You must be a mortgage customer who is a first time buyer, a mover, or is switching a mortgage loan to us.
• The purpose of your mortgage loan must be to purchase your principal private residence in Ireland or to switch the mortgage loan relating to your principal private residence in Ireland to us.
• You must fill in and send us the EBS Back-in-Cash Mortgage Offer application form and have this form accepted by us.
• You must have a working Direct Debit set up on the current account used for the mortgage repayment.
• If you have a self-build mortgage loan - see below.

To qualify for the EBS 1% Back-in-Cash on the 5^th year anniversary of your mortgage loan drawdown date you also need to:

• Have your mortgage loan repayments up-to-date.
• Have met with all your other mortgage loan terms and conditions.
• Have outstanding scheduled repayments to be made on your mortgage loan.
• Have the property to which the mortgage loan relates, as your principal private residence in Ireland.

If you have a Self-Build Mortgage Loan

The first drawdown must occur between 1 January 2019 and 31 December 2020. If so:-

• We will pay you 2% of the amount of each stage drawdown of the mortgage loan which is drawn down within 18 months of the first drawdown. We will pay this 2% into the current account you use for mortgage repayments within two months of each stage drawdown.
• We will pay you 1% of the total mortgage loan amount drawn down within 18 months of the first drawdown. We will pay this 1% into the current account you use for mortgage repayments within two months of the 5th year anniversary of the first drawdown of the mortgage loan.

Any drawdown occurring after 18 months of the first drawdown will not qualify.

You will not qualify for the EBS Back-in-Cash Mortgage Offer if:-

• You are an existing EBS mortgage customer who is obtaining a top-up loan or a transfer of title mortgage loan.
• You have already benefitted from the previous EBS 2% Back in Cash Offer for a mortgage loan on the same property.

If you have a tracker mortgage with another mortgage provider, switching your mortgage to EBS means you will lose your existing tracker rate. We recommend you seek independent financial advice before deciding to switch your mortgage.

We reserve the right to amend, withdraw or terminate the offer or substitute the offer with another or alter the specification of the offer without prior notice. Should the offer be amended, terminated or withdrawn, we will endeavour to inform all affected customers and will provide a similar alternative offer that meets with our regulatory obligations.