I am currently on a 10 year 5.5% fixed rate with E.B.S with 3 years to go. My current mortgage is €265,000 having borrowed €300,000 . I know its ridiculous but back in 2010/11 i thought i was making the right decision. Anyway it's costing me €25,000 to break from EBS but by borrowing 300k from PTSB and getting €6000 cash back and a better rate of around 3.5% i am nearly saving €25k over the next 3 years. I fully intend to switch again ASAP to BOI for their 2% cashback also and then back to EBS for their 2% cash back. By doing this i will be saving a considerable amount over the next 3 years. My house is worth €420,000. My wife and i have 2 good government jobs so no problems with affordability etc. My solicitor is doing the work for €1000 a time. Any thoughts?