Cashback Mortgages In Ireland

Many of the mortgage lenders in Ireland have been offering incentives such as cashback to try and attract new customers.

Bank of Ireland have been giving up to 3% cashback  with no upper limit for a while now – (2% when you drawdown and 1% after 5 years)   It is available to all new mortgage customers including Buy to Let and switchers  . More here about the BOI offer

EBS also have a very similar cashback offer – which is 2% upfront and an extra 1% after five years  .  This offer is available to all new EBS customers , home buyers and mortgage switchers.

Bank of Ireland and EBS don’t have any clawback conditions.

So – in theory – you could move a  €300,000 mortgage to EBS , get €6000 cashback which would leave you with about €5000 after legal fees. Then after a short time you could move your mortgage again to Bank of Ireland and get another €6000 cashback ! After legal and valuation fees you would end up with about €10,000 cashback from the 2 lenders.

Other Cashback Mortgages
Ulster Bank offer €1500 towards legal fees for all new customers.
PTSB  offer 2% cashback for new customers until Dec 31st
KBC will give €2000 to mortgage switchers only.

 

See the current Lowest Mortgage Rates here

2 thoughts on “Cashback Mortgages In Ireland

  1. For every €100,000 you borrow you get €2000 back if the rate is 2%, not €1,000.

    • Thanks Podge – typo corrected now.
      How’s Rodge these days ?

Comments are closed.