Borrowing is subject to 40% of net income being available to meet capital and interest loan repayments, and is subject to a 2% interest sensitivity test. Other criteria apply. The maximum you can borrow is subject to assessment, including valuation of the property. As of the 11th November 2011, a standard €100,000 variable rate mortgage over 20 years costs €624.58 per month (4.44% APR*). The cost of your monthly repayments may increase. A 1 percentage point rise in interest rates will cause them to increase by €54.86 to €679.44.

In the case of a Prestige package customer, a typical €100,000 home loan with a 20 year variable rate mortgage and where they qualify for the Prestige Mortgage Discount rate of 3.97% APR*, the monthly repayment would be €604.40. Eligibility for mortgage discounts are for Prestige and Easy Plus package holders only, who mandate their salary or equivalent regular income to the relevant package. If you close your Prestige or Easy Plus account, the interest rate on this loan will revert to the applicable Home Loan Variable rate.

*APR - Annual Percentage Rate

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

Warning: If you do not meet the repayments on your credit agreement, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future.

Warning: The cost of your monthly repayments may increase.

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

You must be 18 years of age or over to get a Home Loan. Lending Terms & Conditions apply. Security in the form of a mortgage over your home is required. National Irish Bank subscribes to the European Voluntary Code of Conduct on Pre-Contractual Information for Home Loans (PDF 145kb). A copy of the code can also be obtained from any branch of National Irish Bank.

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