TERMS AND CONDITIONS
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
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
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.
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.
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.
THERE IS NO GUARANTEE THAT THE PROCEEDS OF THE INSURANCE POLICY
WILL BE SUFFICIENT TO REPAY THE LOAN IN FULL WHEN IT BECOMES DUE
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
(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