The Gazette 1989

RESIDENTIAL * COMMERCIAL

Finance

available

for you andyour clients

Attractive rates with longer

repayment terms.

Irish Nationwide now provide the widest range of

lending services of any building society in the country.

These include:

Home Purchase

The Society will advance up to

of the valuation of

the house. Maximum term 20 years.

Home Improvement

The Society provides for new and existing borrowers

up to 90% of the current market value of the property

including, where applicable, the amount outstanding

in relation to any prior Mortgage and any other

domestic borrowings. Maximum term 15 years.

Residential Investment Property

The Society will advance up to 70% of the value for the

purchase of Residential Investment Properties for

single or multi-unit lettings. This facility is also

available to owners who wish to refinance such

properties at more attractive interest rates. Maximum

term 15 years.

Residential/Commercial Property

The Society will advance up to 65% ofthe valuation for

the purchase of Commercial Properties (offices, shops

etc.) which incorporate some residential

accommodation. This facility is also available to current

owners who wish to refinance their borrowings at more

attractive interest rates. Maximum term 15 years.

Commercial Property

Where the property is used exclusively for Commercial

purposes and has no residential content, then the

Society will advance up to 60% of the valuation for the

purchase of such properties. This facility will also be

available to present owners who wish to refinance their

borrowings at more attractive interest rates.

Maximum term 15 years.

Finance for Other Purposes

Where an applicant owns his own property or has an

existing Mortgage on it, the Society will advance

funds for family education or other domestic

or general purposes. The sum advanced can

include, where applicable, an additional sum

to cover any prior Mortgage on the property

concerned. Maximum term 15 years.

METHODS OF REPAYMENT

The Irish Nationwide offers a wide variety of

repayment methods which are tailored to suit the

needs of every individual applicant. These are:

Capital and Interest

This is the traditional method of repaying mortgages

where the borrower's monthly repayment consists

partly of capital and partly of interest.

Endowment Mortgages

Under this method of repayment the borrower only

pays interest to the Society. Payment of the capital

sum is catered for by an Endowment Insurance Policy

which is scheduled to terminate at the same time as

the mortgage. In this way the borrower maximises the

tax advantages and may also have the added benefit of

a tax free bonus at maturity.

Pension Linked Mortgages

This facility is aimed at the self employed or those in

non-pensionable employment. As with Endowment

Mortgages the payment to the Society consists of interest

only. Payment of the capital sum is catered for by the

tax free cash element of an accumulated pension fund.

Unit Linked Mortgages

As with Endowment and Pension Linked Mortgages

interest only is paid to the Society. The borrower also

enters a Unit Linked Savings Contract with an

insurance company with the expectation that the

accumulated value of this fund will be adequate to

repay the capital sum.

Irish Nationwide also provide the most

comprehensive range of associated

insurance services including:

• Householders Comprehensive Building, Contents

and All Risks Insurance Cover

• Mortgage Protection Assurance

• Comprehensive Traders Combined Policies

• A unique Repayment Protection Plan

And the payment of all insurance premiums is

spread over 12 months.

For a better alternative

source of finance contact

Irish Nationwide today.

IRISH NATIONWIDE

BUILDINGSOCIETY

1 Lower O'Connell Street, Dublin 1.Telephone 780022.