EBS has extended its cash-back offer on mortgage products until the end of March 2017.

Under the offer, which was introduced in June, customers who draw down a new mortgage with the lender will receive 2% back in cash.

This would mean that a typical customer borrowing €200,000 would receive €4,000.

The 2% cash back is available to customers taking out fixed or variable mortgages on private homes, including first-time buyers, customers moving to a new home, and customers switching their mortgages to EBS.

The move follows similar 2% cash-back offers from both Bank of Ireland and Permanent TSB.

Bank of Ireland's offer, which started in June of last year, runs until the end of September.

Meanwhile, PTSB's cash-back offer - launched in January - applies to mortgages approved by the end of this month.

Cash-back offers such as these are generally aimed at customers who need to cover costs related to house purchases - such as stamp duty, as well as legal and valuation fees.

EBS Chief Executive Des Fitzgerald said the offer “has been very well received since we launched it in June this year, especially among first-time buyers who have a strong appetite for cash offers, but still want to avail of very competitive mortgage interest rates.”