EBS to reduce fixed rates for new and existing customers

EBS to reduce fixed rates for new and existing customers

Mortgage lender EBS is set to cut its fixed rates for new and existing customers.

The move will see all rates fixed for between one and five years come down to 3%.

Cuts of up to 0.25% will be implemented from next Wednesday as EBS, which is part of the AIB group, cuts home loan rates for the second time in just over six months.

Existing mortgage holders on a four-year fixed rate will see monthly repayments fall by €30 on a €200,000 mortgage.

One-, two- and three-year fixed rates are coming down from 3.15pc to 3pc.

The four- and five-year rates will reduce from 3.25pc to 3pc, which will represent some of the lowest rates in the market.

Existing customers who are already on a fixed rate can avail of the new lower rates, but there may be a breakage fee, EBS said.

EBS is also continuing their 2% back in cash offer until December 31stfor eligible customers, including switchers.

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