Later Life Finance
ensuring that you are financially comfortable in your late life
Seniors Money is the only lender in the Irish market offering Lifetime Loans, Spry Finance is a retail division of Seniors Money. Through our Spry brokerage we can guide you through understanding and applying for a Lifetime Loan.
If you apply for a Lifetime Loan through Spry Finance you will be applying to Seniors Money as the lender. If your loan application is approved and your loan completes you will become a customer of Seniors Money. Rest assured that Spry Finance and the people in Spry you develop a relationship with will continue to be there for you when you need them.
Legal Warnings
The following warnings contain important and useful information so please read them carefully.
For Lifetime Loans:
WARNING: WHILE NO INTEREST IS PAYABLE DURING THE PERIOD OF THE MORTGAGE, THE INTEREST IS COMPOUNDED ON A MONTHLY BASIS AND IS PAYABLE IN FULL IN CIRCUMSTANCES SUCH AS DEATH, PERMANENT VACATION OR SALE OF THE PROPERTY.
PURCHASING THIS PRODUCT MAY NEGATIVELY IMPACT ON YOUR ABILITY TO FUND FUTURE NEEDS.
YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE OR ANY OTHER LOAN SECURED ON IT.
YOU MAY HAVE TO PAY CHARGES IF YOU PAY OFF A FIXED-RATE LOAN EARLY.
If your Lifetime Loan is being used for debt consolidation purposes:
THIS NEW LOAN MAY TAKE LONGER TO PAY OFF THAN YOUR PREVIOUS LOANS. THIS MEANS THAT YOU MAY PAY MORE THAN IF YOU PAID OVER A SHORTER TERM.
For customers switching from a Variable Rate Lifetime Loan to a Fixed Rate Lifetime Loan:
IF YOU SWITCH FROM A VARIABLE RATE LIFETIME LOAN TO A FIXED RATE LIFETIME LOAN YOU WILL NOT BE CONTRACTUALLY ENTITLED TO GO BACK TO THE VARIABLE RATE LIFETIME LOAN IN THE FUTURE.