Which mortgage?

(A) Repayment / Annuity Mortgage

Traditionally this has been the most popular mortgage for Irish Nationwide customers. With this mortgage each monthly repayment includes a portion of interest and a portion of capital. Initially the first repayments will be interest repayments, thus allowing the maximum Tax relief benefit. In the latter years of the mortgage increasing amounts of the capital sum are repaid in order to clear the mortgage.

You are required to take out a mortgage protection policy which can be arranged for you with a leading Life Assurance Company. The Policy is assigned to Irish Nationwide as security for the loan so that in the event of your death the loan is automatically paid off. Mortgage Protection for the amount of the loan will not discharge on your death, any arrears of interest and late charges, or redemption fees payable on fixed rate loans.

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For further details contact your Local Branch or call + 353 (0)1 609 6000 or email: mortgages@inbs.ie

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