Please note carefully the following information relating to Housing Loans within the meaning of the Consumer Credit Act 1995.
Warning: Your home is at risk if you do not keep up payments on a mortgage or any other loan secured on it.
The payment rates on this housing loan may be adjusted by the lender from time to time.
The early surrender of the Insurance Policy in respect of your Endowment Loan may result in a return to you which would be less than you have paid in premia and other charges.
Warning: There is no guarantee that the proceeds of the insurance policy will be sufficient to repay the loan in full when it becomes due for repayment
Warning: The entire amount that you have borrowed will still be outstanding at the end of the interest-only period.
Whenever (i) repayment of a loan in full or in part is made or (ii) with the agreement of permanent tsb, the loan is switched to a variable rate loan or other fixed rate loan, before expiry of the Fixed Rate Period (hereinafter called the "Early Termination"), the applicant shall, in addition to all other sums payable as a condition of and at the time of the Early Termination, pay a sum equal to the permanent tsb’s estimate of the loss (if any) arising from the Early Termination. In the calculation of the said loss, permanent tsb shall endeavour to apply in so far as it is fair and practicable, the formula C=(I-S) x Rx (M-T) where C is the charge to compensate for the loss (if greater than 0), I is the swap/market fixed interest rate for the term of the Fixed Rate Period at the date of its commencement, S is the swap/market interest rate for the remaining fixed period, R is the amount of the Fixed Rate loan balance paid or switched at the date of Early Termination, M is the Fixed Rate Period and T is the time expired of the Fixed Rate Period at the date of Early Termination".
Warning: You may have to pay charges if you pay off a fixed-rate loan early.
Interest will be applied to the outstanding balance of the loan. This balance includes any element of unpaid interest and charges which will accrue interest and be capitalised to the account.
Warning: This new loan may take longer to pay off that your previous loans. This means you may pay more than if you paid over a shorter term.
permanent tsb, 56-59 St. Stephen's Green, Dublin 2. permanent tsb p.l.c. is regulated by the Central Bank of Ireland. permanent tsb p.l.c. is a tied assurance agent for Irish Life Assurance p.l.c.
permanent tsb p.l.c. is a limited liability company registered in Dublin under No. 222332. The company's registered office is: permanent tsb, 56-59 St. Stephen's Green, Dublin 2. Visit our Full Desktop Site