Important Regulatory Information

What’s all this? Check out some important regulatory information on our products. If you need more details, call us or drop into your local branch.

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.

Warning: If you do not keep up your repayments you may lose your home.

WARNING: YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE OR ANY LOAN SECURED ON IT.

Variable Rate Loans

Lending terms, conditions and other restrictions apply. Security and insurance are required.

The maximum Loan-to-Value (LTV) for a second-time buyer is 80% and this is subject to other lending criteria and affordability assessment. For customers who are in Negative Equity and want to trade up (i.e. where the total loan amount will increase), a maximum Loan-To-Value (LTV) of 125% applies. For customers who are in Negative Equity and want to trade down (i.e. where the total loan amount will decrease), a maximum Loan-to-Value (LTV) of 175% applies subject to maximum loan amount of €550,000.

Lending levels are subject to a total monthly repayment commitment typically not exceeding 35% of disposable income. However, this percentage will vary depending on the individual circumstances.

Variable rates may be adjusted by permanent tsb from time to time. Rates correct as of 01/05/2013 but are subject to change. Here are two examples:

  • The monthly repayment on a 20 year Tracker Interest Rate Mortgage of €100,000 (Annual Percentage Rate of 1.66%) is €489.470. In the event that interest rates increase by 1% an additional €44.77 would be payable per month.
  • The monthly repayment on a 20 year Variable Interest Rate Mortgage of €100,000 (Annual Percentage Rate of 4.5%) is €629.95. In the event that interest rates increase by 1% an additional €55.12 would be payable per month.

Information is correct as of 16/07/2015.

Warning: The cost of your monthly repayments may increase.

WARNING: THE PAYMENT RATES ON THIS HOUSING LOAN MAY BE ADJUSTED BY THE LENDER FROM TIME TO TIME.

Fixed Rate Loans

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 R x (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.

Arrears

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.

Home Insurance and Life Assurance

permanent tsb home insurance is underwritten by Allianz plc. permanent tsb is appointed as a Single Agency Intermediary of Allianz plc for Home Insurance. Allianz plc is regulated by the Central Bank of Ireland.

Life cover is provided by Irish Assurance plc. permanent tsb is a tied assurance agent for Irish Life Assurance plc (Irish Life). Irish Life Assurance plc is regulated by the Central Bank of Ireland.

Fees & Charges

Some fees and charges may be applied during your mortgage application process and/or during the term of your mortgage. For more information please refer to the mortgage section of our Fees and Charges brochure.

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