METRO Thursday, September 24, 2009 D We have a great mortgage offering: Market leading rates from 2.3% APR variable and 2.6% APR fixed Dedicated fund of 1 billion for first time buyers Competitive loan to value rates of up to 92% Call 1890 365 850 www.bankofireland.ie *This figure is based on the average number of customers per day who drew down their mortgages between January and June 09 The actual average is 55 customers per day based on a 5-day week Lending criteria and terms and conditions apply Security and insurance required The maximum mortgage is normally 90-92% of the property value As a general rule, loan amounts are subject to monthly repayments not exceeding 30% to 40% of the borrower(s) disposable income and will vary according to individual circumstances A typical variable rate mortgage of 100,000 over 20 years costs 531 59 per month (APR 2 60%) The cost of your monthly repayments may increase A 1% interest rate rise will increase this repayment to 581 48 (APR 3 60%) This is an increase of 49 89 per month Information correct as at 14th May 2009 Bank of Ireland Mortgage Bank is a member of Bank of Ireland Group Bank of Ireland and Bank of Ireland Mortgage Bank, trading as Bank of Ireland Mortgages are regulated by the Financial Regulator WARNING: YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE OR ANY OTHER LOAN SECURED ON IT. THE LENDER MAY ADJUST THE PAYMENT RATES ON A HOUSING LOAN FROM TIME TO TIME. YOU MAY PAY CHARGES IF YOU PAY OFF A FIXED RATE LOAN EARLY Every day 50 home buyers get a mortgage with us* MENU the Home Digest 4 Letters 10 Guilty Pleasures Celebrity gossip 11 World Digest 9 MetroLife Arts and entertainment 12-13 60 Second Interview Culture Nights Lorraine May 14 TV 14-15 Puzzles 18 Classifieds 19-24 Sport 25-27 Help keep Dublin clean and tidy for everyone by taking your Metro with you and recycling it TODAY: Mainly dry and breezy with sunny spells. Max: 18C TOMORROW: Warm and dry with light winds. Max: 19C LOTTO WEDNESDAYS DRAW 03 06 19 20 28 29 Bonus: 08 Plus 1: 01 03 15 20 30 31 Bonus: 12 Plus 2: 08 20 21 28 33 35 Bonus: 32 METRO Weather Dells Polish aid of 54m gets EU ok COMPUTER giant Dell has won EU approval to receive a 54.4million subsidy from the Polish government to build a new plant there, replacing Ireland as the companys new European manufacturing hub. The European Commission said it could allow the aid the company because the new factory would create jobs in a disadvantaged part of Poland Lodz, the countrys third-largest city. The state will pay about a quarter of the total investment of 189.58million in the plant which will eventually employ up to 3,000 people to make desktops, notebooks and servers, including Latitude and Inspiron models. Open since January 2008, the factory currently employs 1,700. Dell which was Irelands second-largest corporate employer said earlier this year that it would shift its European manufacturing centre from Limerick to Poland with the loss of about 2,000 jobs. Actresses Sarah Bolger, (left), and Amy Huberman at the launch of The National Campaign for the Arts at The Ark, A Cultural Centre for Children. The campaign highlights the value of the arts to Irelands economic recovery, including the retention of the Irish Film Board and Culture Ireland Ark reAdy for the flood Plastic bag levy set to double THE levy on plastic bags is set to increase to 44 cent in a further bid to stop littering, it was confirmed yesterday. The levy was first introduced in March 2002 at 15 cent per bag and was increased to 22 cent in July 2007. Defending green taxes, Environment Minister John Gormley told a Dublin environmental conference the charge was initially resisted but proved popular and would be increased in a bid to ensure there is sufficient deterrent against people moving back to plastic bags. His department is expected to publish draft laws next month allowing for the increase. Monopoly warning over incinerator ENVIRONMENT Minister John Gormley yesterday poured cold water on controversial plans for a huge incinerator in Dublin, warning it could breach competition rules. Mr Gormley claimed the Poolbeg facility, which will burn 600,000 tonnes of rubbish a year, would dominate the waste treatment market and drown out greener methods like recycling. If you have an incinerator of that size for the duration of 25 to 30 years, what youre doing in effect... youre drowning out competition, the Green Party leader said. That is of concern, because of course we want to encourage more recycling, we want to encourage MBT (mechanical biological treatment). Those people will not invest knowing that they cannot compete with a facility of this size. However, the city council said it was compliant with competition rules, saying the project offered the best value for the taxpayer and the best protection for the environment. It also warned that pulling out of the contract with the operators could cost the authority millions of euro. John Gormley: Incinerator could breach rules 74% of workers facing a pension time bombBY ED CARTYTHREE QUARTERS of workers cannot afford to retire, an alarming new survey has revealed. Employment law firm Peninsula Ireland warned 74 per cent of employees are fac- ing a pension time bomb as they are not saving enough for retirement, as well as suffering huge losses on investments. The vast majority of workers now ex- pect to work well into their sixties in or- der to provide for themselves. Alan Price, Peninsula Ireland manag- ing director, said the firms study showed a large number of Irish workers will have to put retirement plans on hold. Most people are just not putting enough cash into their pensions and with younger workers not preparing for the future, they could find themselves having to work a lot longer than they expect, he said. With a lack of pension and minimal savings, employees finding themselves forced to postpone retirement. The company surveyed 306 employees and 133 employers from a variety of in- dustries over the last month. It found more than two thirds of em- ployers have seen an increase in the number of job applications from older candidates over the last six months. In the summer, a top think-tank warned that Ireland had suffered the biggest pen- sion fund losses in the world in 2008 af- ter the average retirement investment plan lost more than a third of its value. The Paris-based Organisation for Eco- nomic Co-operation and Development warned Irish workers have suffered more than those in other countries. Peninsula Ireland, however, said em- ployers would welcome workers staying on in the job as they bring experience, knowledge and high skills. 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