WARNING: YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE OR ANY OTHER LOAN SECURED ON IT
Where the interest rate for the loan is variable:
THE PAYMENT RATES ON THIS HOUSING LOAN MAY BE ADJUSTED BY THE LENDER FROM TIME TO TIME.
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.
Where the loan is to consolidate debts:
Warning: This new loan may take longer to pay off than your previous loans. This means you may pay more than if you paid over a shorter term.
Where a variable interest rate applies to the loan:
Warning: The cost of your monthly repayments may increase.
Where the loan has an interest-only period:
Warning: The entire amount that you have borrowed will still be outstanding at the end of the interest-only period.
The Central Credit Register (CCR) was established by the Central Bank of Ireland under the Credit Reporting Act 2013. The CCR is a national database that will collect and store personal and credit information received from lenders for loans €500 or more. It will provide:
For more information on the CCR you can contact the Central Bank of Ireland as follows:
Lo-call: 1890 100 050
Landline: 01 224 5500
|Arrangement fee||0.50% of the Loan Amount subject to a maximum of €1,800.00||Per mortgage loan|
|Third party authorisation letter||€13.00||Per request|
|Statement on request||€6.00||Per request|
|Alteration to mortgage terms||€70.00||Per alteration|
|Direct debit alteration||€13.00||Per alteration|
|Copy of document||€6.35||Per document|
|Unpaid instalment||€12.00||Per unpaid instalment|
|Reminder letter on unpaid fees||€10.00||Per letter|
|Call out fee (inclusive of all relevant third party charges)||€70.00||Per call out|
|Tracing fee (inclusive of all relevant third party charges)||€80.00||Per request|
|Scheduling fee||€38.00||Per request|
|Mortgage deed sealing fee||€38.00||Per request|
|Structural survey fee (if required)||€500.00 – €1,000.00
(dependent upon degree of inspection required)
|Legal fees* (Buy to Let only)||€1,550.00 inclusive of outlays
* This fee relates to the Pepper Money or Pepper Homeloans’ legal costs in relation to the security over the property/properties to be secured. It does not relate to any cost incurred by Pepper Money or Pepper Homeloans in respect of, arising from or in connection with, the legal investigation of title to that property/those properties.
|Buildings insurance lapsed fee||€81.00 per €100,000.00 outstanding on the loan, (payable per annum).
Example: Balance Outstanding on loan of €250,000, €81.00 x 2.5 = €202.50 payable per annum
A typical buy-to-let mortgage of €100,000 over 20 years with 240 monthly instalments costs €648.96 per month at 4.80% variable (Annual Percentage Rate of Charge (APRC) 5.19%. The APRC is inclusive of €150 Valuation Fee; an Arrangement Fee (based on 0.5% of the mortgage loan amount up to a maximum of €1,800) as detailed as part of the mortgage loan application process and a Mortgage Charge of €175 paid to the Property Registration Authority. Additional fees may apply on a case by case basis. The total amount you pay is €156,574.81. We require property insurance. You mortgage the property to secure the loan. Maximum loan is generally 70% of the property value. A 1% interest rate rise would increase monthly repayments by €55.98 per month. The cost of your monthly repayments may increase – If you do not keep up your repayments you may lose your home. These will vary according to individual circumstances.
LTV = Loan to Value
APRC = Annual Percentage Rate of Charge
BTL = Buy to Let
Pepper Finance Corporation (Ireland) DAC trading as Pepper Money, Pepper Asset Servicing and Pepper Homeloans, is regulated by the Central Bank of Ireland.