The Gazette 1990

RESIDENTIAL * COMMERCIAL Finance available foryou and your clients Attractive rates with longer repayment terms. 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 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. a tax free bonus at maturity. Pension Linked Mortgages

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 90% 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% 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 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 whowish 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.

For a better alternative source of finance contact Irish Nationwide today.

IRISH NATIONWIDE BUILDING SOCIETY 1 Lower O'Connell Street, Dublin 1. Telephone 780022.