Green Mortgage

The EBS Green Mortgage

EBS Green 4 Year Fixed Rate Mortgage

We now have a new lower rate of interest for going green if you are buying, moving to or have completed building a high energy rated home. Our EBS Green 4 Year Fixed Rate Mortgage is available to customers who want to live in a sustainable home. It offers a lower rate of interest for homes with a BER rating between A1 and B3.

If you are a first time buyer, mover, buying a holiday home, topping up on an existing mortgage, switching a mortgage to us, or moving to a different fixed rate, and the property is at least B3 rated, the EBS Green 4 Year Fixed Rate Mortgage is available to you.

Who can apply for the EBS Green 4 Year Fixed Rate Mortgage?

  • The EBS Green 4 Year Fixed Rate Mortgage is available to customers who are buying for the first time, moving, buying a holiday home, topping-up an existing mortgage, switching a mortgage to us, moving to a different fixed rate or have fully completed building a high energy rated home. You can also apply if you are moving home and your negative equity mortgage is with us.
  • You’ll need to provide a valid BER Certificate with a rating of A1, A2, A3, B1, B2 or B3.
  • The BER Certificate needs to be dated in the last ten years.

What does the Building Energy Rating Certificate need to show?

  • Home Address of the property being mortgaged.
  • BER Grade A1, A2, A3, B1, B2 or B3.
  • Carbon Dioxide (CO2) Emissions Indicator Calculator.
  • A “Valid Until” Date.

For Existing EBS PDH Mortgage customers:

  • You can move from your current EBS Fixed Rate early to avail of the EBS Green 4 Year Fixed Rate if there is at least four years remaining on your current EBS mortgage. If you are on an existing EBS Fixed Rate, an Early Breakage Charge may apply. More information on how we calculate an Early Breakage Charge can be found on the EBS Green 4 Year Fixed Rate Brochure.
  • You can leave your current EBS Variable Rate to get the EBS Green 4 Year Fixed Rate Mortgage if there is at least four years remaining on your current EBS Mortgage. We will not charge you an Early Breakage Charge.
  • You can find out more and get Cost of Credit examples from your local EBS Office from your EBS Mortgage Master.
  • To apply, complete the Home Loan Interest Rate Application Form and post it with a copy of your BER Certificate to: 10 Molesworth Street, Dublin 2, D02 R126.

If you are drawing down a Self-Build:

  • You can apply for the EBS Green 4 Year Fixed Rate Mortgage once:
    • Your property has been completed,
    • It has a BER Certificate of A1, A2, A3, B1, B2 or B3,
    • And all stage payments have been drawn down.
  • You can find out more and get Cost of Credit examples from your EBS Mortgage Master.
  • To apply, complete the Home Loan Interest Rate Application Form and post it with a copy of your BER Certificate to: 10 Molesworth Street, Dublin 2, D02 R126.

You cannot apply for the EBS Green 4 Year Fixed Rate Mortgage if:

  • You are a Self- Build Customer still receiving stage payments.
  • You cannot provide a valid BER Certificate with a rating of A1, A2, A3, B1, B2 or B3.
  • The property’s BER Certificate is more than 10 years old.
  • Your existing mortgage loan is a Buy to let mortgage.

What happens at the end of your EBS Green 4 Year Fixed Rate Mortgage Term?

  • Before the end of your EBS Green 4 Year Fixed Rate Mortgage term, we will send you our rates at that time. You can then choose a new rate.
  • You can apply for the EBS Green 4 Year Fixed Rate Mortgage rate again if:
    • Your property still has an eligible BER Certificate rating of A1, A2, A3, B1, B2 or B3.
    • You have a BER Certificate dated within the last 10 years; and
    • The EBS Green 4 Year Fixed Rate Mortgage is still available.
  • If you do not select a rate, the Default Interest Rate at the time will be applied. The Default Interest Rate at the end of a Fixed Rate period is our Standard Variable Rate.

Important Information

  • The terms and conditions of the up to 3% Back in Cash Offer have been updated and;
    • As of the 24 February 2022, the offer is not available on the new EBS Green 4 Year Fixed Rate and;
    • As of the 24 August 2022, the offer is no longer available on any Variable Rate and 1 Year Fixed Rate. Customers who are applying for any Variable Rate (including the Tracker Interest Rate Retention Product) or 1 Year Fixed Rate have until the 24 August 2022 to drawdown to be eligible for the offer.
    • For more information on the Terms and Conditions click here.
  • By signing the Home Loan Interest Rate Application Form, you are applying for this EBS Green 4 Year Fixed Rate Mortgage with the understanding that you cannot have the up to 3% Back in Cash Offer at mortgage drawdown.
  • Customers who qualify for the EBS Green 4 Year Fixed Rate Mortgage can avail of a lower rate of interest than our other Fixed Rate Mortgage offerings available as of 24 February 2022.
  • There is usually a cost to get a BER Certificate. Please see Sustainable Energy Association of Ireland (SEAI) for more information. Please be advised that this is a 3rd party website.
  • You can find out more and get Cost of Credit examples from your EBS Mortgage Master.
  • For information on the EBS Green 4 Year Fixed Rate Mortgage including examples of the Cost of Credit and Early Breakage Charges please click here.

Regulatory Information

Home Mortgages General and Regulatory Information

A typical €100,000, 20 year mortgage for an Owner Occupier Residential Property with a ‘Green’ 4 year Fixed rate of 2.1% and APR 3.2%, this includes 48 monthly fixed repayments of €510.63 and 192 variable repayments of €574.89. If the interest rate does not vary (based on today’s equivalent variable Rate of 3.70%) during the term of the mortgage, the total cost of credit i.e. the total amount repayable less than the amount of the loan would be €35,104.78 (inclusive of €215.00 valuation report fees). The total amount repayable would be €135,104.78. The effect of a 1% increase in the prevailing variable rate (3.70%) will add €42.48 to the 192 monthly variable repayments. Available to new and existing customers. Breakage fees may apply in the case of existing customers. Lending criteria, terms and conditions apply.

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.

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

THE PAYMENT RATES ON THIS HOUSING LOAN MAY BE ADJUSTED BY THE LENDER FROM TIME TO TIME. (Note: Applies to variable rate loans only)