The EBS mutual difference
EBS Building Society was founded in 1935 by a small group of Irish teachers working
together to help each other buy their own homes. The idea was simple, people
coming together to realise their dreams of home ownership as members of a mutual
Our purpose is the same today as it was then; EBS is still owned by our members
and dedicated to helping them achieve their life goals. As well as home loans, we
now offer a complete range of financial services to everybody - savings, investments,
insurance, loans and credit cards - all designed to give them great value.
EBS has always been about making things better for people -
for our members and the community.
The EBS mutual difference
Buying a home for the first time?
Getting some help to buy your first home
Making home ownership a reality for the first-time buyer
Thinking of building your own home?
When its time to make your next move
Looking for a better deal on your mortgage?
Buying to let
EBS can help you get on the property
ladder - and climb it at your own pace.
As a mutual, EBS is committed to making home ownership a reality for as many people
as possible. When you’re ready to buy your first home, EBS will be there to get you
started and guide you through the process from beginning to end. Once your growing
family starts running out of space, we’ll help you take the next step to a bigger property.
And, when the time comes for your children to fly the coop, we’ve come up with a
home loan to help them on their way. Wherever you are on the property ladder, you can
rely on EBS to give you all the help and expert advice you need. And when it comes to
value, our priority is to offer our members the very best value home loans in Ireland
EBS has an unbeatable record over the past 10 years of offering our members
the best value mortgages in Ireland, as verified by research carried out by an
independent auditor. Today EBS has one of the lowest standard variable home
loan interest rates in Ireland.†
EBS helps thousands of eager first-time buyers each year to buy their first homes with
Buying a home for the
Buying your first home is an exciting
time, but it also can be a bit daunting
especially when you don’t know what to
expect. EBS organises First Time Buyer
seminars around the country to help
them get the information they need and
to be more prepared for what’s ahead.
for a list of dates and
venues for our next seminars.
We’ve also produced a series of books
a little book about
’ giving you
straight-talking, impartial information
and advice on a number of topics.
at a glance
Range of competitive
HomeLoan rates – Fixed
Reduce your repayments
for the first year with
Repay your Home Loan
over 35 years.
Getting some help to buy
your first home.
Rising property prices mean that many first-time buyers are finding it more difficult to
get their foot on the property ladder.
Familyfirst is a home loan
specially designed to help
first-time buyers buy a place
of their own with the help of
As a parent, you can borrow
against the value built up
in the family home to help
contribute to the cost of your
child’s first home.
You can pick up your free copy of
a little book about buying
your first home
at your local
If you’d like to find out more about the
Affordable Housing Scheme visit
An information leaflet on EBS
HomeAccess is available from your local
As a mutual building society, EBS is committed to making home ownership a reality
for as many people as possible. With the rise in property prices, many first-time buyers
have found it difficult to buy their own homes. That’s why we have been working with
the Department of Environment and Local Government to develop a home loan for
people who qualify for the Affordable Housing Scheme. This loan is called HomeAccess.
Making home ownership a reality
for the first-time buyer.
at a glance
Borrow up to 97% of the
discounted purchase price
of your home meaning you
only need is a 3% deposit.
Choose a mortgage term of
up to 35 years giving you
the option to have lower
monthly repayments when
you need them most.
More people than ever before are looking at the option of building their own home.
Not only is there hope of getting better value for money, you also get to design your
home exactly how you want it. EBS SelfBuild is a home loan specially designed to help
you turn your ideas into reality.
Thinking of building your
at a glance
Pay only the interest on your
loan for up to 12 months or
until the full loan amount is
Make use of stage
payments, which means
you draw down money only
when you need it, so you
pay less interest.
Borrow up to 100%
Free ‘Course of Construction’
cover with EBS Householder5
gives you extra peace of
If you’d like more advice on what’s
involved in building your own home
- from buying a site and applying for
planning permission to choosing a
builder and making staged payments
- simply visit
and follow the links to ‘
Don’t be tempted to make an offer on
a property before accepting offers on
your current home. Avoid legally binding
commitments to buy a new home until
you have a similar agreement for your
However happy you are with your first home, sometimes it makes sense to move on.
Maybe you need more space for a growing family or you’ve spotted something special
you know you can turn into your dream home. Whatever the reason for your next move,
EBS Nextstep is a home loan designed specially to make it go as smoothly as possible.
When it’s time to make your
at a glance
Excellent bridging loan
Flexible repayment options.
Easy access to additional
money when you need it
Option to combine your debt
into one payment at a home
loan interest rate.
EBS has designed the ideal mortgage for those who would like to change their
mortgage lender or are considering borrowing more money. QuickSwitch is the
fast and efficient way to switch your mortgage to EBS.
Looking for a better deal on
at a glance
No legal fees.
Borrow to release equity or
combine your debts into
Switch your mortgage
and avail of one of Ireland’s
lowest standard variable rates.†
When you are switching your mortgage
you can release some of the value that
has built up in your property to do
the home improvements you’ve been
Buy-to-let has become popular with both seasoned investors building their portfolios and
with people investing for their future. Some people are investing now to help their children
buy their own homes when the time comes and others are making plans for their retirement.
EBS BuytoLet is a mortgage especially for people who want to invest in
Buying to let
at a glance
Loans of up to 90% of the
value of the property for first
time investors in buy-to-let.
Option to borrow up to
100% of the property if you
have another property to use
Flexible loan terms of up to
Option to repay only the
interest on the loan for the
first 5 years
If you’re thinking of becoming a
landlord, choose your tenants carefully.
Before you advertise, decide what type
of tenant you want and hold out until
you get what you want. Make sure there
are references and get a deposit upfront.
Choosing an EBS home loan means you also get exclusive access to low-cost loans
with EBS LifeChoice. So, whether it’s time to make some home improvements, buy
a new car or invest in your child’s future, EBS LifeChoice allows you to apply for the
money you need to put your plans into action at competitive interest rates.
Time to make some changes?
at a glance
Choice of terms available to
suit your changing needs.
Free life assurance of up to
Before you decide on the term of your
loan, ask to see the cost of credit over
different terms. The cost of credit is the
true cost of your loan. Repaying your
loan over a long term will mean lower
monthly repayments, but more interest
over the full term of the loan. So, paying
back a loan in as short a time as you can
afford will reduce its overall cost.
Our jargon buster explains some of the terms you might come
across when you’re buying property.
Annualised Percentage Rate (APR):
This is a percentage that includes the loan
interest rate, the way the rate is applied and any lender fees and charges. It indicates
the true cost of borrowing, so helping you compare the cost every year of different
types of loan.
This is the cost of borrowing money. For example, if you borrowed
for a year and the interest rate was 10% per annum, the amount of interest you pay
10. You could also say that the cost of borrowing
100 a year was
If the interest rate is
, it stays the same for a set period of time.
If it is variable or
, it can go up or down over the term of the loan.
Loan to value (LTV):
This is the amount of the loan expressed as a percentage of
the value of the property. For example, if you wanted to borrow
90,000 and the
value of the property were
100,000, the LTV would be 90%.
This is a government tax charged on all residential properties. The
amount of stamp duty you pay is determined by your individual circumstances. Your
solicitor will determine how much stamp duty you will pay or contact the Revenue
Commissioner for more details.
Need some help?
If you’d like to know more about how EBS can help you:
call in to your local EBS office
phone us on
1850 654 321
visit our website
For quick and easy access to clear, independent financial
information and advice, log onto
WARNING: YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE
OR ANY OTHER LOAN SECURED ON IT. THE PAYMENT RATES ON THIS HOUSING LOAN MAY
BE ADJUSTED BY THE LENDER FROM TIME TO TIME. YOU MANY HAVE TO PAY CHARGES IF
YOU PAY OFF A FIXED-RATE LOAN EARLY. DEBT CONSOLIDATION LOANS MAY TAKE LONGER
TO PAY OFF THAN YOUR PREVIOUS LOANS. THIS MEANS THAT YOU MAY PAY MORE THAN
IF YOU PAID OVER A SHORTER TIME.
WARNING: THE ENTIRE AMOUNT THAT YOU HAVE BORROWED WILL STILL BE OUTSTANDING
AT THE END OF THE INTEREST ONLY PERIOD (with interest only loans)
Important Information (Note: Not applicable for EBS Buy To Let or EBS Householder).
Lending terms and conditions apply. As a general rule the loan amount should not exceed 3 times the main income or 3 times the joint income (in the case of two earners). A mortgage on your home is required as security.
The repayment for a loan amount of €100,000 over 20 years would be €659.96 (variable rate 5.2% excluding
insurance payments). An increase in interest rates of 1.0% would increase the repayment by €56.47. A qualified valuer will need to value your property. This valuation should not cost you more than e127 (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) The maximum loan property to value with EBS Firststep is 100%. With the Easystep option, your payments
are reduced in year 1. This means that your repayments will increase from year 2 onwards to ensure that the full loan is repaid within the original term agreed. Your repayments from year 2 and onwards will include an interest charge for the Easystep option.
2) The maximum loan to property value with EBS Family First is 95%.
3) Normally we will lend only up to 97% of the purchase price of the property. The HomeAccess mortgage is not available to those who have purchased a low-cost site from their local authority. You are not eligible for an EBS HomeAccess mortgage if you previously bought a house under another local authority housing scheme. It is not possible to release further equity on your home (top-up) under a Home Access mortgage regardless of the amount of equity you have built up in your home.
4) The maximum loan property to value with EBS Self Build is 90%. You can borrow up to 90% of your site cost and 100% of your building cost, provided your total borrowings do not exceed 90% of the property’s final valuation. The free Course of Construction insurance arranged by EBS covers the buildings for the damage caused by fire, flood and storm only. Course of Construction Insurance is underwritten by Allianz Corporate Ireland plc who is regulated by The Financial Regulator. There is no liability cover included on the policy. 5) EBS Householder is brought to you by EBS and Allianz Corporate Ireland plc. Terms and conditions apply.
Full policy wording available on request. EBS householder is suitable for private dwelling houses of standard construction with a rebuilding cost not exceeding e1,000,000. EBS Householder is underwritten by Allianz Corporate Ireland plc. EBS Building Society (EBS) is a tied agent of Irish Life Assurance plc (Irish Life). EBS, Irish Life, Allianz Corporate Ireland plc and Genworth Financial Insurance plc are regulated by the Financial Regulator. 6) The maximum loan to property value with EBS Next Step is 92%.
7) The maximum loan to property value with EBS Quickswitch is 85%. Minimum loan amount for EBS Quickswitch is e70,000. With EBS Quickswitch, EBS does not charge switching fees and covers your legal costs provided you choose a solicitor from our Quickswitch scheme. However, if you would prefer to use your own solicitor you will be responsible for the costs. If you decide to move your mortgage to another institution before the end of a 5 year period you will be required to pay EBS e777.
8) With EBS Buy to Let, the maximum loan to property value (LTV) on your new investment property is 90%.
In order to avail of 100% finance equity, at least 10% must be released from another property which may include your main residence. As a general rule the loan amount should not exceed 3 times the main income or 3 times the joint income (in the case of two earners). A mortgage on the buy to let property and any other equity released properties are required as security. The payment per month on a typical 20 year loan of e100,000 with LTV <75% is e659.96 (variable APR 5.2% excluding insurance payments). An increase in interest
rates of 1% would translate into an additional e55.86 per month. The payment per month on a typical 20
year loan of e100,000 with LTV >75% is e659.96 (variable APR 5.2% excluding insurance payments). An increase in interest rates of 1% would translate into an additional e56.47 per month. Rates correct as at April 2007. A qualified valuer will need to value the property that is being offered as security. This valuation should not cost you more than e127 per property (plus travel expenses, where applicable).