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. Just so you’re in the know, if you avail of a fixed rate, you will lose the ability to avail of a Tracker Rate Mortgage in the future.

If you wish to convert your mortgage to a fixed rate and you are on a tracker rate, you will need to contact your local EBS office to get an additional ‘Tracker to Fixed Converison Declaration’. This can then be completed and submitted together with the ‘Home Loan Tracker Rate Conversion Form’.

Take note, 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.

If there is 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.

You will be well acquainted with fixed or variable rates already, which you pay on your mortgage. But there could be many things that have changed since you last made the decision. Our mortgage masters will be happy to guide you through the best option for you.

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.

If you are worried about your mortgage repayments, or if you have already missed repayments, you can speak to us by calling 0818 330 044.

Alternatively, you can visit: Worried about Payments

You can also get help from MABS

Money Advice and Budgeting Service 
MABS provides free, confidential and independent advice to people in debt or at risk of getting into debt. For more information visit mabs.ie. You can also call the MABS National Helpline on 0818 072 000, Monday to Friday, 9:00 to 20:00. 

Money Advice
and Budgeting Service website