miselemeas
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A family member's partner has some investment properties. The family home is paid for. A document from the bank regarding a lower mortgage rate on the investments has been presented to her for signature, containing a clause that she has read and understood the Family Home Protection Act 1976 Section 3.
I have looked it up for her and found it at http://www.irishstatutebook.ie/1976/en/act/pub/0027/sec0002.html#zza27y1976s2 but unfortunately neither of us can understand it.
Is there anybody out there who can explain this in ordinary everyday language please - the main concern seems to be the reference to the "family home" and if this would be affected by the agreement being signed.
I have looked it up for her and found it at http://www.irishstatutebook.ie/1976/en/act/pub/0027/sec0002.html#zza27y1976s2 but unfortunately neither of us can understand it.
Is there anybody out there who can explain this in ordinary everyday language please - the main concern seems to be the reference to the "family home" and if this would be affected by the agreement being signed.