Saturday 22 October 2016

EBS extends cash-back offer for new customers until next year

Charlie Weston Personal Finance Editor

Published 23/09/2016 | 13:58

MORTGAGE lender EBS has extended its cash-back offer for new customers until the end of March next year.

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The lender, which is part of the AIB group, is offering 2pc to new borrowers and switchers.

The offer was originally announced in June and was supposed to finish by the end of October, but this deadline has been extended until the end of March next year.

The deal means customers receive €2,000 back in cash for every €100,000 in new mortgage borrowings that they draw down.

EBS chief executive Des Fitzgerald said the cash-back offer has been very well received since it was launched in June this year, “especially among first-time buyers who have a strong appetite for cash offers, but still want to avail of very competitive mortgage interest rates”.

He said: “We are now extending our offer to give our customers 2pc of their mortgage back in cash, a substantial sum that would typically cover home purchase costs such as stamp duty, legal fees and valuation.’’

Mortgage cash-back offers area also offered by Bank of Ireland and Permanent TSB, but not by AIB, which has the lowest variable rate in the market.

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