Terms and Conditions regarding the use of the MMPI Website

Access to the site and the use of information contained on it is governed by the terms and conditions set out below. These terms and conditions are important. Please therefore take the time to read the terms and conditions carefully. By proceeding further you will be deemed to have accepted their contents.

1. Information appearing on this website is supplied in accordance with the laws of Ireland and will be governed by the laws of Ireland. By using this site you accept that the use and operation of the site and any information given on the site will also be governed by the laws of Ireland and in the case of any claim or dispute arising out of or in relation to or in connection with the terms and conditions relating to the use of the site you accept that the Irish courts will have exclusive jurisdiction over all such claims or disputes.

2. The contents of this site are for information only. While care has been taken in the preparation of the information, the information is of a general nature only and users should not rely on any information contained in it in relation to any specific matter without taking the appropriate professional advice. The information is not intended for distribution or use by persons or any entity outside the jurisdiction of Ireland and persons accessing this site should inform themselves about and observe any restrictions relating to such use. If you are in doubt as to whether access to the site or use of the information is permitted please do not proceed further. Information supplied on this website does not constitute an offer or solicitation of investment, financial or banking services by MMPI.

3. While all reasonable efforts have been made to ensure that all information on the site is correct at the time of inclusion, MMPI makes no representation that this is the case and it should not be relied upon as such.

4. MMPI may update or change the information on this site at any time without giving notice of the changes. Any opinions expressed or estimates given reflect MMPI's judgement at this time and are also subject to change without notice. Therefore you agree that MMPI will not be held responsible for any errors or omissions.

5. In order to process your request for a preliminary quotation, we may need, where it is considered necessary, to provide information concerning this transaction to any company within the MMPI group or to a credit reference agency. In addition, we may hold and process information in connection with this request and may hold and process same for administrative, customer care and service purposes.

By proceeding with any application you will be deemed to have accepted this condition.

6. Please note that messages and information passing over the Internet may not be secure and can be intercepted by third parties or incorrectly delivered. You should not divulge personal information over the Internet unless you are using a secure or encrypted communications technology.

7. Access and use of this internet site is at the user's sole risk. While every effort has been made to ensure that communications through the MMPI internet site are by means of a secured connection, there is a risk that such communications may be intercepted by third parties or incorrectly delivered. The confidentiality of such communications cannot, therefore, be guaranteed.

Important - Consumer Credit Act 1995
Please note carefully the following information relating to Housing Loans within the meaning of the Consumer Credit Act 1995.

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

Variable Rate Loans
THE PAYMENT RATES ON THIS HOUSING LOAN MAY BE ADJUSTED BY THE LENDER FROM TIME TO TIME.

Endowment Loans
The early surrender of the Insurance Policy in respect of your Endowment Loan may result in a return to you which would be less than you have paid in premia and other charges.

WARNING:
THERE IS NO GUARANTEE THAT THE PROCEEDS OF THE INSURANCE POLICY WILL BE SUFFICIENT TO REPAY THE LOAN IN FULL WHEN IT BECOMES DUE FOR REPAYMENT.

Fixed Rate Loans
Whenever repayment of a loan in full or in part is made before the expiration of the Fixed Rate Period the applicant shall, in addition to all other sums payable, as a condition of and at the time of such repayment, pay whichever is the lesser of the following two sums:

(a) a sum equal to one half of the amount of interest (calculated on a reducing balance basis) which would have been payable on the principal sum desired to be repaid, for the remainder of the Fixed Rate Period, or

(b) a sum equal to MMPI's estimate of the loss (if any) occasioned by such early repayment, calculated as the difference between on the one hand the total amount of interest (calculated on a reducing balance basis) which the applicant would have paid on the principal sum being repaid to the end of the Fixed Rate Period at the fixed rate of interest, and on the other hand the sum (if lower) which the lender could earn on a similar principal sum to that being repaid if the lender loaned such sum to a Borrower at its then current New Business Fixed Rate with a maturity date next nearest to the end of the Fixed Rate Period of the loan, or part thereof, being repaid.