Ebsswitchermortgage240309

1. Mortgages
EBS Switcher Mortgage
On the lookout for a
better mortgage deal?
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Rosslare, has a great
view of the playground
from the ship’s lookout

2. Your search has come
You’re almost there EBS Switcher Mortgage
Features
to an end
EBS Switcher Mortgage • Choice of competitive variable or fixed
interest rates
With everyone looking for better value right
now, one area where you can save money is on • Free1 legal fees when you use a solicitor Daragh from
your monthly mortgage repayments. from First American panel the lookout
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So if you’re looking out for a better mortgage s
• Up to 75% loan to property value (LTV) available
deal, an EBS Switcher Mortgage could be the
answer – with no expensive legal fees, no hassle • Minimum loan amount €70,000
and plenty of expert EBS service.
• EasyStep2 option available – reduced mortgage
And once you see our choice of competitive
repayments for the first 3 years, giving you a little extra in
interest rates, you’ll know it’s time to call off the your pocket
search!
• Option to repay interest only for the first three years,
depending on what you earn and the amount you want to
borrow
o. Cork
boo in Skibbereen, C • 35 year term available
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• 3 months free3 home insurance
To find out more, drop in to your local EBS,
call 1850 654 321 or visit www.ebs.ie

3. EBS Building Society is regulated
by the Financial Regulator
Registered office of EBS:
2 Burlington Road, Dublin 4.
Registered No.139
Our images were sent to us from all over
Ireland through our EBS Photography The National Adult Literacy Agency (NALA)
Challenge. Visit www.ebsfamilymoments.ie. has approved the clarity of this brochure.
WARNING: YOUR HOME IS AT RISK IF YOU DO NOT KEEP
UP YOUR PAYMENTS ON A MORTGAGE OR ANY OTHER
LOAN SECURED ON IT. WARNING: THE PAYMENT RATES
ON THIS HOUSING LOAN MAY BE ADJUSTED BY THE
LENDER FROM TIME TO TIME. WARNING: YOU MAY HAVE
TO PAY CHARGES IF YOU PAY OFF A FIXED-RATE LOAN
EARLY. WARNING: THE ENTIRE AMOUNT YOU HAVE
BORROWED WILL STILL BE OUTSTANDING AT THE END
OF THE INTEREST-ONLY PERIOD.
Lending terms and conditions apply. The maximum loan to property value (LTV) with the EBS Switcher Mortgage is
normally 75% and the minimum loan amount is €70,000. As a general rule, the loan amount should not exceed 3
times the main income or 3 times joint incomes (in the case of two earners). A mortgage on your home is required as
security. The repayment per month on a typical 20 year loan of €100,000 is €561.13 (APR 3.2% variable excluding
insurance payments). An increase in interest rates of 1% would translate into an additional €51.72 per month. A
qualified valuer will need to value your property. This valuation should not cost you more than €127 (plus travel
expenses where applicable). Under the Consumer Credit Act 1995,a mortgage protection policy is required for all
housing loans. EBS can arrange this for you. 1. With the EBS Switcher Mortgage, EBS does not charge switching fees and
covers your legal costs provided you chose a solicitor from our dedicated switcher panel. If you decide to move your
mortgage to another institution before the end of a five year period, you will be required to pay EBS Building Society
€850. 2. With the EasyStep option, your payments are reduced in the first 3 years of your mortgage. This means that
your repayments will increase from year 4 onwards to ensure that the full loan is repaid within the original term agreed.
Your repayments from year 4 onwards will include an interest charge for the EasyStep option. 3. The 3 months’ free
EBS Householder cover is applied as 25% off your annual premium. If paying monthly, your first payment will be due
in month 4. EBS Householder is brought to you by EBS Building Society and underwritten by Allianz plc. Terms and
conditions apply. Full policy wording is available on request. EBS Householder is suitable for private dwelling houses
of standard construction with a rebuilding cost no more than €1,000,000. Allianz plc is regulated by the Financial
Regulator. Information and rates correct as of 24.03.09
MTG 045 01.09