Product Details
| Irish 3 Year Fixed Rate at 5.90% up to and including 31 January 2012 (effective from 30 October 2008) | |
|---|---|
| The overall cost for comparison APR over 20 years is (%) | 6.20 |
| Cost/thousand over 10 years | €11.43 |
| Cost/thousand over 15 years | €8.69 |
| Cost/thousand over 20 years | €7.38 |
| Cost/thousand over 25 years | €6.64 |
| Cost/thousand over 30 years | €6.18 |
| Cost/thousand over 35 years | €5.88 |
| Cost/thousand over 40 years | €5.68 |
An Early Repayment Charge will be payable by you to the Society (in addition to all other sums payable) in the event that you repay the Advance in full or in part (other than the Monthly Payments) or your Advance is transferred to a different product before the expiration of the Fixed Rate Period. The Early Repayment Charge will be calculated by reference to the wholesale cost then prevailing for the unexpired portion of the fixed rate period and the wholesale rate prevailing at the date of the completion of the Advance. If, at the date of redemption or transfer, the wholesale rate prevailing is higher than the wholesale rate at completion, no early repayment charge will be incurred. If, however, the wholesale rate is lower an early repayment charge will be incurred. The Redemption Fee is calculated in accordance with the following formula: -
The following is an example of the calculation, which will be used. Please note that the example is illustrative only and the actual amounts will depend on the rates applicable and the amount of the Advance, as the relevant time: -
- where the wholesale rate increases over the term of the loan
- Wholesale rate at date of completion of the fixed rate 7%
- Wholesale rate at date of redemption or transfer 8%
- Early repayment charge €0
- where the wholesale rate decreases over the term of the loan
- Wholesale rate at date of completion of the fixed rate 8%
- Wholesale rate at date of redemption or transfer 7%
- Breaking funding rate 1%
- Early repayment charge €5
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Leeds Building Society is a member of the UK Building Societies’ Association. The Society is a participant in the Financial Services Compensation Scheme established under the Financial Services & Markets Act 2000. Payments under this scheme are limited to a maximum of £50,000 of an investor’s total shares and/or deposits in a society. Most investors are covered, including individuals and small firms. Euro deposits are covered. Further details are available on request from the Society. Leeds Building Society only offer savings products in Ireland that can be operated by post. Leeds Building Society is authorised and regulated by the Financial Services Authority in the United Kingdom and our registration number is 164992.The Society is covered by the Financial Services Ombudsman. We may monitor and/or record your telephone conversations with the Society to ensure consistent service levels (including staff training). Other taxes or costs may exist that are not paid by Leeds Building Society. Head Office: Leeds Building Society, 105 Albion Street, Leeds, England LS1 5AS.
© 2008 Leeds Building Society
