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CONSUMER PROTECTION CODE 2012
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Warning: If you do not keep up your repayments you may lose your home. |
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Warning: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future.
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Warning: You may have to pay charges if you pay off a fixed rate loan
early. |
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Warning: The cost of your monthly repayments may increase. |
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Warning: The entire amount that you have borrowed will still be outstanding at the end of the interest-only period. |
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Warning: This new loan may take longer to pay off than your previous loans and you may pay more than if you paid over a shorter term. |
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CONSUMER CREDIT ACT
WARNING
YOUR HOME IS AT RISK IF YOU DO
NOT KEEP UP PAYMENTS ON A MORTGAGE OR OTHER LOAN SECURED ON IT.
THE PAYMENT
RATES ON THIS HOUSING LOAN MAY BE ADJUSTED BY THE LENDER FROM TIME TO TIME.
Security and
insurances required. The maximum percentage of the value of the property which
will normally be advanced is 75% and is subject to credit references. Loan
amounts are subject to monthly repayments not exceeding 35% to 40% of the
borrower(s) disposable income. A typical variable rate mortgage of €100,000 over
20 years costs €699.23 per month (APR 5.92%). The effect of a 1% increase in
interest rates for such a mortgage will increase the monthly repayment to
€757.39 (APR 6.99%), an increase of €58.16 per month.
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