263 / 822
RESIDENTIAL * COMMERCIAL
Finance
available
foryou and
your
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 Pu r c h a se
The Society will advance up to 90% of the valuation of
the house. Maximum term 20 years.
Home Imp r ovement
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 Inves tment Pr ope r ty
The Society will advance up to 70% ofthe 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 Pr ope r ty
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 Pr ope r ty
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.
F i nance for Ot her Pu r pos es
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 t he most
compr ehens i ve r ange of associated i nsu r ance
services.
These services include Householders Comprehensive
Building, Contents and All Risks Insurance Cover,
Mortgage Protection Assurance which, in the event of
the death of a borrower, ensures that the outstanding
mortgage is repaid, Comprehensive TVaders Combined
Policies and a unique Repayment Protection Plan,
which also caters for the self employed, where monthly
repayments can be met in the event of redundancy,
accident, illness and hospitalisation. Another attractive
facility offered by the Society is that payment of the
insurance premium 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 l.Telephone 780022.