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13/10/2008
EBS Puts Stop On Tracker Mortgages
The EBS Building Society has announced it will no longer be offering tracker mortgages for new mortgage applicants.
Existing customers with tracker mortgages will not be affected.
Similarly, customers who already have an offer of a tracker mortgage, which is not yet drawn down, will still be able to avail of the offer within the terms of their loan agreement.
A statement released this afternoon from the EBS said the move is being made as a result of "the continuing high cost of funds in the market".
(DW/JM)
Existing customers with tracker mortgages will not be affected.
Similarly, customers who already have an offer of a tracker mortgage, which is not yet drawn down, will still be able to avail of the offer within the terms of their loan agreement.
A statement released this afternoon from the EBS said the move is being made as a result of "the continuing high cost of funds in the market".
(DW/JM)
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