Check your terms & conditions for clawback

[rochforn]

Guys recently been onto a few banks about switching and they've all advised me to check my current providers terms and conditions for clauses that coukd claw back your 2% cashback if you switch within a certain period. Is anyone aware of certain Banks having this in place? I haven't checked my own as of yet, where would this information be in the formal loan offer?
Thanks

 

[Brendan Burgess]

There is no clawback on any of the cash back deals.

There might be a clause in the contract, but they can't enforce it under Irish law.

Brendan

 

[Sean Og]

100% correct Brendan, i checked PTSB, BOI , and EBS and there is no clawbacks. EBS clearly state that you can only get the cash back once on a property with them. If you sell the property and move to a new property you can avail of the cash back again on the new mortgage with the new property.