Fixed Rate Mortgage Change
Following the European Central Bank’s increases in interest rates since July 2022 and in a rising interest rate environment, today we are announcing that we are increasing Private Dwelling House (PDH) Fixed Mortgage Interest Rates. The EBS Green 4 Year Fixed Rate is not impacted at this time.
From 30 June 2023, we will increase our fixed interest rates for mortgages by up to 0.60% (ranging from 0.40% to 0.60%) for private homes (PDH) mortgages.
- Existing fixed rate (mortgages currently in a fixed rate period) mortgages remain unaffected by the increase.
- Customers who draw down their new mortgage by close of business 28 July 2023 (4 weeks after implementation date 30 June 2023) can avail of the previous rates. In order to draw down on 28 July 2023, all required documents must be submitted and deemed valid by 25 July 2023 by EBS.
We will apply these new rates to existing customers entering a new fixed rate period from 30 June 2023.
To request a change to the interest rate on your mortgage you must complete the customer information and section 2 of the Home Loan Interest Rate Application Form. Please print and complete the form ensuring it is signed by all parties to the mortgage and email to info@ebs.ie. Alternatively, return to the address shown on the form.
EBS PDH Fixed Rates:
| PDH Fixed Term | Current Rates | New Rates |
| 1 Year | 4.15% | 4.55% |
| 2 Year | 4.45% | 4.90% |
| 3 Year | 4.50% | 5.00% |
| 5 Year | 4.50% | 5.10% |
-FAQ-
Got some questions?
We will not apply the increase if you are paying a mortgage within an existing fixed rate term.
Following the European Central Bank’s increases in interest rates since July 2022 and in a rising interest rate environment, we are increasing our fixed mortgage interest rates
Customers who drawdown* their new mortgage before close of business on 28 July 2023 can avail of the previous rates. In order to draw down on 28 July 2023, all required documents must be submitted and deemed valid by 25 July 2023 by EBS.
We will charge the previous rate (before the increase) to customers who have asked us to fix their rate using the Home Loan Interest Rate Application form from our website by close of business on 29 June 2023.
Our variable rate customers are not impacted by this fixed rate change.
Separately, on 29 June 2023 EBS announced a variable rate increase of 0.45% for all PDH variable rate customers which will be effective on 23 August 2023.
For further information you can visit: https://www.ebs.ie/mortgages/mortgage-interest-rates
We will apply these new rates to customers entering a new fixed rate period from 30 June 2023.
If you are concerned about your mortgage repayments, or if you have already missed repayments, you can speak to a Mortgage Master in your local EBS Office or can speak to us by calling 0818 330 044.
Alternatively, you can visit: https://www.ebs.ie/worried-about-missing-a-payment
We have wide range of competitive rate options available to customers. Please visit our website for more information.
* Mortgage drawdown means where all the loan conditions have been complied with and EBS transfers the mortgage amount to your solicitor.