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  1. 1. Mortgages EBS Switcher Mortgage On the lookout for a better mortgage deal? Nathan, on holidays in Rosslare, has a great view of the playground from the ship’s lookout
  2. 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 Castleknock , with his ow Dublin, is on n binocular 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 Séamus play peek-a- Cillian and • 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. 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