Choosing a fixed rate for your mortgage provides certainty on what your monthly mortgage repayment will be and they can be very valuable at a time of volatile interest rates. Fixing your monthly mortgage repayment for a set period can make budgeting easier as the same monthly repayments are made, while other rates during this period may change. Please see below the table with our very competitive fixed rates:
The fixed and variable rates shown below are applicable from 22nd Sep 2015.
New Business Rates - Fixed
Cost per €'000
|Term||Rate||APRC||10 Years||15 Years||20 Years||25 Years||30 Years||35 Years|
New Business Rates - Variable
Cost per €'000
|LTV*||Rate||APRC||10 Years||15 Years||20 Years||25 Years||30 Years||35 Years|
|>50% - <=80%||3.50%||3.6%||9.89||7.15||5.80||5.01||4.49||4.13|
Existing Business Rates
Cost per €'000
|Rate Type||Rate||APRC||10 Years||15 Years||20 Years||25 Years||30 Years||35 Years|
|1 Year Fixed||3.50%||3.8%||9.89||7.15||5.80||5.01||4.49||4.13|
|2 Years Fixed||3.60%||3.8%||9.94||7.20||5.85||5.06||4.55||4.19|
|3 Years Fixed||3.65%||3.8%||9.96||7.22||5.88||5.09||4.57||4.22|
|4 Years Fixed||3.75%||3.8%||10.01||7.27||5.93||5.14||4.63||4.28|
|5 Years Fixed||3.80%||3.9%||10.03||7.30||5.95||5.17||4.66||4.31|
For information on the EBS Variable Rate Policy Statement please click here.
Investment Buy-To-Let / Commercial Loan Account Holders and Home Loans on a Tracker Margin - Please contact your local EBS office to discuss the fixed rate options which are available.
Tracker Rate Mortgage Holders
If you avail of a Fixed Rate, our tracker rate commitment to you is deemed to be at an end and the lender’s prevailing Variable Rate will apply on expiry of this fixed term. For the avoidance of doubt, we wish to advise you that if you avail of a Fixed Rate, you will lose the ability to avail of a Tracker Rate Mortgage in the future.
If you are on a tracker rate you will need to contact your local EBS office to obtain an additional Tracker to Fixed Conversion Declaration for completion and submission together with the Existing Business Fixed Rate Conversion Form, if you wish to convert your mortgage to a fixed rate. If the Tracker to Fixed Conversion Declaration is not completed, your request to convert your mortgage account to an existing business fixed rate will not be processed.
In the event of there being a change in interest rates before EBS have converted the loan rate, EBS will apply the fixed rate available at the time that the Conversion Form is received in EBS Registered Office. As advised above, for mortgage holders switching from a Tracker Rate mortgage, the fixed rate applied by EBS will be the fixed rate available when both the completed Conversion Form and Tracker Declaration Form are received in EBS Chief Office. If there is no other fixed rate available, the applicable prevailing variable rate will apply.
EBS cannot inform customers individually of changes in interest rates prior to converting their loan account.
Mortgage Rates – Advantages and Disadvantages
Standard lending terms and conditions apply.
*LTV stands for Loan to Value. This is the loan amount as a percentage of the value of the house.
WARNING: YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE OR ANY OTHER LOAN SECURED ON IT.
VARIABLE RATE LOANS
FIXED RATE LOANS