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Lidierth Financial helped me get my dream home

JARGON BUSTER

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First Time Buyer

A person who has not previously bought or built a house anywhere in the world, including Ireland, and who is purchasing the property as their principal place of residence.

Fixed Interest Rates

This is an interest rate set for an agreed period e.g. 2 or 3 years. At the end of this period, the rate will automatically convert to the current variable rate or the customer has to the option to re-fix again to the rates on offer.

Folio

This is a document describing; the property registered and refers to a plan on the Registry maps; the registered owners; any burdens (charges, right of way) which may affect the property.

Freehold

This is a form of legal ownership of a property. It is absolute outright ownership without payment of any rent and any limit of time.


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