ECB Rate Change

On 30 January 2025, the European Central Bank (ECB) announced a reduction of 0.25% to its ECB Refinancing Rate. As a result we will make these changes to our rates:

  • Tracker mortgage rates will reduce by 0.25% for all Private Dwelling House (PDH) Tracker and Buy to Let mortgages that are linked to the ECB rate.
  • This change will happen by 01 March 2025 and we will write to all our customers with Tracker mortgages confirming the new interest rate and the date it’s changing.
-FAQ-

Got some questions?

A tracker mortgage ‘tracks’ changes to the ECB rate. If the ECB decides to increase or decrease its rate, the rate on the Tracker Mortgage will go up or down by the same percentage.

The ECB has announced a reduction of 0.25% to its rate.
This means the tracker mortgage rate is going down by 0.25%.

We will write to all customers to inform them of the changes to their tracker mortgage interest rate from the end of February 2025.

The direct debit for your mortgage will automatically change, so you don’t have to do anything.

You will need to amend your standing order to reflect the reduced mortgage repayment.

You will need to contact your Bank to make this amendment.

Our Standard Variable Rate, Loan to Value (LTV) Variable Rates and Fixed Rates are not affected by this change.

Details of our mortgage rates are available on our website.

You can visit our mortgage interest rates page.

If you are concerned about your current mortgage repayments, or if you are already in arrears on your 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 our worried about payments page.

We have wide range of competitive rate options available for customers. Please visit our website for more information.

Visit our mortgage interest rates page.