Variable Rate Mortgage Change
Following the European Central Bank’s increases in interest rates since July 2022 and in a rising interest rate environment, we are increasing all our variable interest rates.
From 23 August 2023, we’ll increase our variable interest rates for mortgages by 0.45% for Private Dwelling Home (PDH) mortgages.
We will write to affected customers before the change to advise them of the increase in their mortgage repayments.
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 Variable Rates:
| LTV | Current Rates | New Rates (effective 23 August 2023) |
| <=50% | 3.30% | 3.75% |
| >55% <=80% | 3.50% | 3.95% |
| >80% | 3.70% | 4.15% |
| SVR | 3.70% | 4.15% |
-FAQ-
Got some questions?
Our fixed rate customers are not impacted by our variable rate increases.
Separately, on 29 June 2023 EBS have announced fixed rate increases for PDH customers from 30 June 2023. Please refer to our website for further details.
Following the European Central Bank’s decisions to raise interest rates since July 2022 and in a rising interest rate environment, we are increasing our mortgage interest rates.
Customers who drawdown* their new mortgage on a variable rate will have the prevailing variable rate on the date they drawdown their mortgage applied.
Our fixed rate customers are not impacted by this variable rate increase.
Separately, on 29 June 2023 EBS have announced fixed rate increases for PDH customers from 30 June 2023. Please refer to our website for further details.
Yes, we are changing our Variable rates. Impacted customers will be written to, to advise them of this change and the increase in their mortgage repayments.
Details of our mortgage rates are also available on our website.
You can visit: https://www.ebs.ie/mortgages/mortgage-interest-rates
Prior to the expiry of the fixed rate period on your mortgage we will write to you with the interest rate options available. You can select from our fixed and variable rate products. The rate applied to your mortgage account will be the prevailing rate on the day we apply your request to your mortgage account.
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 https://www.ebs.ie/mortgages/mortgage-interest-rates
*Mortgage drawdown means where all the loan conditions have been complied with and EBS transfers the mortgage amount to your solicitor.