first time buyer

Up to 3% Back in Cash on your new mortgage

I’m Switching my Mortgage

Most Irish people tend to ‘go with the flow’– we don’t like to change things up too much.  This means we can miss out on great things that are right under our noses (like super mortgage rates), and monthly savings is one thing you won’t want to pass you by.

You might have put off switching because it just sounded a bit time-consuming and stressful. Well luckily, at EBS we make switching as simple and straightforward as possible. Read our brochure "The home owner's guide to switching your mortgage" for all the nuts and bolts of our switcher mortgage. Have a mortgage question? Request a call from your local mortgage coordinator here.

What is a Switcher Mortgage?

Good question. A ‘Switcher’ Mortgage is one where EBS is re-financing or taking over an existing mortgage borrowing from another Lending Institution. Allowing you to switch your mortgage without switching home!

How much Can I Borrow?

  • Up to 90% Loan to Value is available on a Switcher mortgages.
  • Up to 80% loan to value is available for a studio apartment valued at €275,000 or above, or a one bedroom property
  • 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.
  • Why not use our mortgage calculator to see what you can afford?


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 90%* Loan to Value on Switcher mortgages is available with 80% for a one bed property or studio apartment valued at €275,000 or above. We do not lend for studio apartments valued at under €275,000.
  • Repayment terms of up 35 years may be available to you.
  • You will require Mortgage Protection and House Insurance which can be arranged via EBS or you may purchase this through another insurance company.
  • We will require that your mortgage repayments are not in arrears, and that your mortgage is not in negative equity (when the balance of your current mortgage is greater than the current market value of your property).
  • 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.
*90% LTV available where no additional funds on top of existing mortgage balance are sought

Fixed or Variable Rate?

  • The big question – to go for a fixed or variable interest rate on your mortgage?  A fixed interest rate will stay stable during the period of your loan, while the variable rate will fluctuate. You can check our current rates below, and our mortgage coordinators would be more than happy to have a chat about the option for you.
  • We offer both fixed and variable mortgage interest rates.  You can see a full listing of our current rates right 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’.

The EBS up to 3% Back in Cash Mortgage Offer

EBS is offering home buyers up to 3% Back in Cash. That’s as much as 3% (2% upfront and 1% in 5 years) of the value of your new mortgage if you are a first time buyer, mover, or switching your mortgage to EBS.

Yep. That's €7,500 on a €250,000 mortgage, Back in Cash. Why? Because an EBS Mortgage Master knows the mortgage process back to front – they know that that extra few bob really counts in the final ‘moving in’ stage.

Your EBS Mortgage Master doesn’t like any messing or fussing, either. That’s why you get your EBS 3% Back in Cash mortgage offer straight into the current account used to pay your mortgage, using a SEPA direct debit, 2% within 2 months of drawdown and 1% in 5 years subject to conditions of the mortgage.

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.

Up to 3% Back in Cash

Ready to find somewhere with more space? Start here, with up to 3% back in cash.




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