2% Back in Cash Mortgage Offer

The EBS 2% Back in Cash Mortgage Offer

EBS is offering home buyers 2% Back in Cash. That’s a nice 2% of the value of your mortgage if you are a first time buyer, mover, or switching your mortgage to EBS. Yep. That's €5,000 on a €250,000 mortgage, Back in Cash. You're welcome.

We don’t like any messing or fussing either. That’s why you get your EBS 2% Back in Cash mortgage offer straight into the current account used to pay your mortgage, using a SEPA direct debit, within 2 months of drawdown.

Sounds Great! Show me some examples

The amount you’ll get back depends on the size of your mortgage – so the bigger the mortgage, the bigger the lump sum. Simples. Here are some examples.

My Mortgage	EBS 2% Back in Cash
€100,000	€2,000
€150,000	€3,000
€220,000	€4,400
€250,000	€5,000

But am I eligible? Only if…

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 23rd of June 2016 and 30th of September 2017;
We receive a fully completed copy of the EBS 2% 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.

You will not be eligible if...

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 the EBS 2% Back in Cash offer for a mortgage loan relating to the same property.

Mortgage Features & Benefits

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)
Max LTV of 75% for one bedroom properties
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.

Terms and Conditions

The following terms and conditions apply to the EBS 2% Back in Cash offer:

The amount we will pay to you is 2% of the amount of the mortgage loan that is drawn down.
It will be paid into the current account used for the mortgage repayment within 2 months of your mortgage loan being drawn down and you must have a valid SEPA Direct Debit set up on this account.
We may choose to extend the duration of the offer beyond the period 23rd of June 2016 to 30th September 2017.
Self build mortgages will receive 2% of the amount drawn down at each stage of drawdown. We will only pay you in relation to drawdowns that happen within 18 months of the first drawdown. The first drawdown must occur during the term of this offer.

Regulatory Information

Home Mortgages General and Regulatory Information

Warning: If you do not keep up your repayments you may lose your home.

Warning: You may have to pay charges if you pay off a fixed-rate loan early.

Warning: The cost of your monthly repayments may increase.

Warning: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future.