Switching immediately to EBS's 4-year green fixed rate (2.1% and you would get the 1% (€2,400) cashback) will save you about €2,800 over the next 4 years.
I am assuming that you would get the €2,400 cashback in January 2026, but you should check this with EBS (and get it in writing if they say that you will get the cashback even if you switch to the green rate)[/B]
What I was getting at here is the following: when you took out your mortgage with EBS (in January 2021), the terms and conditions of the 3% Back in Cash Mortgage Offer were different. Those are the Ts&Cs that apply to you, not the updated ones.From the EBS website appears the 1% would not be possible to move to the green mortgage:
The terms and conditions of the up to 3% Back in Cash Offer have been updated and;
- As of the 24 February 2022, the offer is not available on the new EBS Green 4 Year Fixed Rate
but it is not at all clear to me that they could change the terms of the offer for people (e.g., you) who have already signed up to it.We reserve the right to amend, withdraw or terminate the offer or substitute the offer with another or alter the specification of the offer without prior notice. Should the offer be amended, terminated or withdrawn, we will endeavour to inform all affected customers and will provide a similar alternative offer that meets with our regulatory obligations.
We reserve the right to amend, withdraw or terminate the offer or substitute the offer with another or alter the specification of the offer without prior notice. Should the offer be amended, terminated or withdrawn, we will endeavour to inform all affected customers and will provide a similar alternative offer that meets with our regulatory obligations.
That is what I felt as well.That allows them to change the offer before someone has received a mortgage offer.
It does not affect anyone who has drawn down a mortgage.
They couldn't say "We agreed to give you 1% cash back after 5 years, but we have now changed the terms of the offer, so you are no longer entitled to it."
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?