Our up to 3% Back in Cash Mortgage Offer

• You are a mortgage customer who is a first time buyer, a mover, buying a holiday home or is switching a mortgage loan to us.
• You are buying a property in Ireland that you intend to live in or you are switching your PDH mortgage to us.
• You take out a mortgage loan between 1 January 2019 and 31 December 2023.
• You are drawing down on either a 2 Year Fixed Rate, 3 Year Fixed Rate, or 5 Year Fixed Rate. The offer is not available on any Variable Rate (including the Tracker Interest Rate Retention Product) or 1 Year Fixed Rate.
• We receive your EBS Back in Cash application form. We accept it and you have a 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 tracker rate. We recommend you get independent financial advice before deciding to switch your mortgage.
• To be eligible for the 1% Back in Cash after year five, you must, on the fifth year anniversary of the mortgage loan date:
  • Have made all your mortgage loan repayments in full and on time
  • Still be living in the property you took the mortgage loan out on.

• You are already a customer who has a top-up or transfer of title mortgage loan; and/or
• You already got an EBS Back in Cash offer for a mortgage loan on the same property
• You are taking out any Variable Rate (including the Tracker Interest Rate Retention Product) or 1 Year Fixed Rate;
• You are taking the EBS Green 4 Year Fixed Rate.

• This 3% Back in Cash offer is available for first time buyers, movers, holiday home buyers or switchers. It is not available for transfers of title or top up applications.
• You can borrow up to 90% of the value of the property - 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 to buy studio apartments valued at under €275,000.
• Repayment term up to 35 years, depending on the age of borrowers.
• You will need to be over 18 and security will be required before you can get a mortgage.

• What you can borrow will also depend on what you can comfortably afford to repay monthly. This typically should not be more than 35% of your disposable income, however this varies depending on an  individual’s circumstances.
• If you take out a mortgage with a fixed rate of at least one year and decide to repay all or part of it early, if you change to a variable interest rate, or, if you change to another fixed interest rate we may charge you an early breakage fee. You can find information about how we calculate and when we charge this early breakage charge by clicking ‘Home Mortgages General and Regulatory Information’ below and then selecting ‘Our mortgage interest rate options’.
• You will need to have mortgage protection cover which can be arranged through us or you may get it through an Insurance company.
• Keep in mind you will also need money for a valuation fee (you will need to use a valuer from the EBS Residential Mortgage Valuers panel), legal fees, maybe a surveyor and stamp duty. 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. We will pay this 2% into the current account you use for mortgage repayments within two months of taking out the mortgage.
• 1% Back-in-Cash in year 5 means we will pay you 1% of the original mortgage loan amount. We will pay this 1% into the current account you use for mortgage repayments within two months of the fifth year anniversary of the mortgage loan date.

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

• You have to take out the mortgage loan between 1 January 2019 and 31 of December 2023.
• You must draw down on one of the eligible Fixed Rates, 2 Year Fixed Rate, 3 Year Fixed Rate, or 5 Year Fixed Rate. The offer is not available on any Variable Rate (including the Tracker Interest Rate Retention Product) or 1 Year Fixed Rate.
• You must be a mortgage customer who is a first time buyer, a mover, buying a holiday home or is switching a mortgage loan to us.
• You are buying a property in Ireland that you intend to live in or you are switching that property to us.
• You must fill in and send us the EBS Back-in-Cash Mortgage Offer application form and we have to accept this form.
• You must have a 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 fifth year anniversary of your mortgage loan 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 no outstanding scheduled repayments to be made on your mortgage loan.
• Live in the property to which the mortgage loan relates, as your home in Ireland.

If you are building your own home:

• The first drawdown must occur between 1 January 2019 and 31 December 2023. If so:-
  • We will pay you 2% of the amount of each stage payment of the mortgage loan, which is drawn down within 18 months of the first payment. We will pay this 2% into the current account you use for mortgage repayments within two months of each stage payment.
  • We will pay you 1% of the total mortgage loan amount within 18 months of the first stage payment. We will pay this 1% of the total mortgage loan into the current account you use for mortgage repayments within two months of the fifth year anniversary of the first payment of the mortgage loan.
  • Any payment that happens after 18 months of the first payment will not qualify.

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

• You are taking out any Variable Rate (including the Tracker Interest Rate Retention Product) or 1 Year Fixed Rate after the 24 August 2022 or;
• You are drawing down on the EBS Green 4 Year Fixed Rate.
• You are already a mortgage customer of ours who is topping up a loan or a transfer of title mortgage loan.
• You have already got an EBS 2% Back in Cash Offer for a mortgage loan on the same property.

The offer will have no effect on the cost of your mortgage credit whether you take it or not.

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

• Our up to 3% Back in Cash Offer terms and conditions are as follows:
  • The offer is not available on the new EBS Green 4 Year Fixed Rate and;
  • The offer is not available on any Variable Rate (including the Tracker Interest Rate Retention Product) or 1 Year Fixed Rate.

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.