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Mortgage Arrangements
The Union offers two schemes one with EBS and one with Lyons Financial Services, the details
of the Lyons Financial Services Scheme are outlined below, the EBS Scheme are at the bottom of the page:
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Lyons Financial Services Mortgage Scheme:
Lyons Financial Services (ph.1890-304-304) Group Mortgage Scheme Provides:-
A specially negotiated deal only for members which presumes your Salary is up to 5 points further up the incremental
pay scale (for suitable candidates), for the purpose of calculating the amount that can be borrowed.
Lending terms of up to 40 years
Free Valuation Report for first time buyers and those trading up of up to €130 (including VAT)
The arrangement of Mortgage Protection and Home Insurance through the Union Approved Schemes already in place.
The Group Mortgage Protection Scheme finds you the most competitive rate in the market and rebates you 25% of the first
year’s premium approximately 3 months after the start date of the policy.
Lyons Financial Services provide nationwide coverage from their offices at Office 1, Dunboyne Business Park, Dunboyne,
Co Meath. Telephone 1890-304-304 or visit their website at
Lyons Financial Services
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EBS Mortgage Scheme:
Contact Number for PSEU Members:
Sharon Mc Cormack at 01-6658313
Maximun LTV:
Up to 100% finance available for First Time Buyers
Trading up....
92% (i.e. Loan deposits of as little as 8% of the property value or purchase price whichever is the lower)
Home Loan Interest Rates:
Home Loan Standard Variable Rate 5%
(See EBS web site at www.ebs.ie for more information)
Refinance and Additional Finance Interest Rates:
Home Loan Standard Variable Rate applies for additional
finance e.g. Home Improvement or Personal Finance. A Quickswitch product is now available giving you the option to move
your mortgage to EBS with no legal fee’s.
Residential Investment Property(RIP) Interest Rates:
RIP loans are for the purchase of second properties
usually for rental purposes. If the LTV (Loan to Value) is less than 75% the variable rate is 5%. If the LTV is greater
than 75% the variable rate is 5.25%
Indemnity Bond:
Free
Insurance Benefits:
First year discount of 33.3% on EBS Householder Insurance, reduced premium paid over 12
months and 24 hour home emergency help-line
First 3 months free Payment Protection Insurance
Free Life Insurance on Home Improvement & Personal Loans up to €30k
Other Features:
Split loan option(Fixed and Variable). Free property valuation worth approximately €130. No penalties on
accelerated payments and free early repayment or redemption facilites on variable rate loans.
Credit Criteria:
Maximum loan amount based on future earnings. The income of all PSEU
members will be assessed at three years up their salary scale. Standard terms and conditions will apply and each loan will
be assessed on its own merits.
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