I Want a Top Up on My Mortgage

You’ve decided that it’s time to show your home a little TLC. Actually, make that a lot of TLC – because a lick of paint just won’t do the trick anymore. You need a few buckets of paint, new skirting boards, a renovation, the whole kit and caboodle, in fact.

The EBS Top-Up Mortgage is just the solution. It could be your kitchen, bathroom, or a whole new room out the back. So here’s the nuts and bolts of our Mortgage top-up package (and a lovely little deal on your home insurance too!). Have a mortgage question? Request a call from your local Mortgage Master here.

How Much Can I Borrow for My Top Up Mortgage?

We want to give you room to plan a lovely renovation or makeover. But there are some boundaries on how much you can borrow – your home being one of them.
You can apply for a minimum of €10,000. And the limit? You can apply for up to 80% of the value of your property (including your existing mortgage).
Renewable energy and other energy efficient home improvements may be considered for amounts less than €10,000. Doing our part.
What you can borrow will depend on what you can comfortably afford to repay each month. As a general rule this should not exceed 35% of your disposable income, however this may vary according to your situation.

Features & Benefits

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 80% Loan To Value (LTV) is available. This also applies to studio apartments valued at €275,000 or above or one bedroom properties
We do not lend for the purchase of studio apartments valued at under €275,000.
Top Ups will be considered for the following purposes:
- Repairs or renovations on the mortgaged property , on another property mortgaged to EBS or on another unencumbered property
- Grant-aided renewable energy and other energy efficient home improvements
- Family support for dependants into a new house purchase
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
You will require Mortgage Protection Insurance 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.

Fixed or Variable?

You will be well acquainted with fixed or variable rates already, which you pay on your mortgage. But there could be many things that have changed since you last made the decision. Our Mortgage Masters will be happy to guide you through the best option for you.
You can see a full listing of our current rates here.
And if you still can’t choose? Well, you don’t have to. You can have your cake and eat it too. 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.
If you take a Mortgage with a fixed rate of at least one year and decide to repay whole, or part early, 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 can locate information as to how this early breakage charge is calculated and in what circumstances this charge arises by selecting ‘Home Mortgages General and Regulatory Information’ below and then selecting ‘Our mortgage interest rate options’.

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.