Up to 3% Back in Cash

We are offering home buyers up to 3% Back in Cash. That’s 2% of the value of your new mortgage upfront and 1% in five years if you are a first time buyer, mover, purchasing a holiday home or switching your mortgage to EBS. Please see the terms and conditions of this EBS up to 3% Back in Cash Offer. More information can be found in the EBS Back in Cash Application Form.

Yep …that's up to €5,000 two months after you take out the mortgage and a further €2,500 in 5 years’ time on a €250,000 mortgage, Back in Cash. Why? Because an EBS Mortgage Advisor knows the mortgage process back to front – they know that that extra few bob really counts in the final moving in stage.

Our up to 3% Back in Cash Offer terms and conditions are as follows:

• The offer is not available on the new EBS Green 4 Year Fixed Rate and;
• The offer is not available any Variable Rate (including the Tracker Interest Rate Retention Product) or 1 Year Fixed Rate.

Your EBS Mortgage Advisor doesn’t like any messing or fussing either. That’s why you get your EBS 3% Back in Cash mortgage offer into the current account used to pay your mortgage, using a direct debit, 2% within two months of taking out the mortgage and an another 1% after five years. This offer is subject to conditions of the mortgage.

The amount you’ll get back depends on the size of your mortgage. Simples. Here are some examples.

We want you to have all the information you need on the EBS 3% Cash Back Offer. Here are a few points to consider:

• 2% Back–in-Cash at drawdown means we will pay you 2% of the mortgage loan amount. We will pay this 2% into the current account you use for mortgage repayments within two months of taking out the mortgage.
• 1% Back-in-Cash in year 5 means we will pay you 1% of the original mortgage loan amount. We will pay this 1% into the current account you use for mortgage repayments within two months of the fifth year anniversary of the mortgage loan date.

To qualify for the EBS Back-in-Cash Mortgage Offer:

• You have to take out the mortgage loan between 1 January 2019 and 31 of December 2024.
• You must draw down on one of the eligible Fixed Rates, 2 Year Fixed Rate, 3 Year Fixed Rate, or 5 Year Fixed Rate. The offer is not available on any Variable Rate (including the Tracker Interest Rate Retention Product) or 1 Year Fixed Rate.
• You must be a mortgage customer who is a first time buyer, a mover, buying a holiday home or is switching a mortgage loan to us.
• You are buying a property in Ireland that you intend to live in or you are switching that property to us.
• You must fill in and send us the EBS Back-in-Cash Mortgage Offer application form and we have to accept this form.
• You must have a direct debit set up on the current account used for the mortgage repayment.
• If you have a self-build mortgage loan - see below.

To qualify for the EBS 1% Back-in-Cash on the fifth year anniversary of your mortgage loan date you also need to:

• Have your mortgage loan repayments up-to-date.
• Have met with all your other mortgage loan terms and conditions.
• Have no outstanding scheduled repayments to be made on your mortgage loan.
• Live in the property to which the mortgage loan relates, as your home in Ireland.

If you are building your own home:

• The first drawdown must occur between 1 January 2019 and 31 December 2024. If so:-
  • We will pay you 2% of the amount of each stage payment of the mortgage loan, which is drawn down within 18 months of the first payment. We will pay this 2% into the current account you use for mortgage repayments within two months of each stage payment.
  • We will pay you 1% of the total mortgage loan amount within 18 months of the first stage payment. We will pay this 1% of the total mortgage loan into the current account you use for mortgage repayments within two months of the fifth year anniversary of the first payment of the mortgage loan.
  • Any payment that happens after 18 months of the first payment will not qualify.

You will not qualify for the EBS Back-in-Cash Mortgage Offer if:

• You are taking out any Variable Rate (including the Tracker Interest Rate Retention Product) or 1 Year Fixed Rate after the 24 August 2022 or;
• You are drawing down on the EBS Green 4 Year Fixed Rate.
• You are already a mortgage customer of ours who is topping up a loan or a transfer of title mortgage loan.
• You have already got an EBS 2% Back in Cash Offer for a mortgage loan on the same property.

The offer will have no effect on the cost of your mortgage credit whether you take it or not.

If you have a tracker mortgage with another mortgage provider, switching your mortgage to EBS means you will lose that tracker rate. We recommend you get independent financial advice before deciding to switch your mortgage.

• Our up to 3% Back in Cash Offer terms and conditions are as follows:
  • The offer is not available on the new EBS Green 4 Year Fixed Rate and;
  • The offer is not available on any Variable Rate (including the Tracker Interest Rate Retention Product) or 1 Year Fixed Rate.

We reserve the right to amend, withdraw or terminate the offer or substitute the offer with another or alter the specification of the offer without prior notice. Should the offer be amended, terminated or withdrawn, we will endeavour to inform all affected customers and will provide a similar alternative offer that meets with our regulatory obligations.