All firms selling mortgages are required to give you illustrations like this one, that contain similar information presented in the same way.

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1 about this mortgage Post Office Ltd Personalised illustration for: Mr Plamen Stoyanov Date produced: 11/05/2012 This illustration is valid until the product on which it is based is withdrawn. We may withdraw this product at anytime without notice. This is not a legally binding mortgage offer and it does not oblige Bank of Ireland UK to provide you with the mortgage described in this illustration. 1. About this illustration We are required by the Financial Services Authority (FSA) the independent watchdog that regulates financial services to provide you with this illustration. All firms selling mortgages are required to give you illustrations like this one, that contain similar information presented in the same way. Ensure that you obtain other illustrations if you want to compare this mortgage with mortgages from other lenders. 2. Which service are we providing you with? Post Office Ltd recommends, having assessed your needs, that you take out this mortgage. Post Office Ltd is not recommending a particular mortgage for you. However based on your answers to some questions, it is giving you information about this mortgage so that you can make your own choice. 3. What you have told us This illustration is based on borrowing 160, plus for fees that will be added to the loan. These and the additional fees that you need to pay are shown in Section 8. For details of any insurance charges see Section 9. You want the loan over a mortgage period of 24 years. The purchase price of the property is 200, You have asked for the mortgage to be on a repayment basis. The valuation that will be carried out on the property and changes to any of the information you have given us could alter the information in this illustration. If this is the case, please ask us for a revised illustration. 4. Description of this mortgage This mortgage is provided by Bank of Ireland UK. Bank of Ireland UK is the trading name of Bank of Ireland (UK) plc. Product: QTJ - A fixed rate of 4.29% from completion up to and including 30/06/2017. After 30/06/2017 the rate changes to a variable rate which is 3.99% above Bank of England base rate, currently 0.50%, for the remaining mortgage period, to give a current rate payable of 4.49%. Page 1 of 5

2 5. Overall cost of this mortgage The overall cost of this mortgage takes into account the payments in Sections 6 and 8 below. With a repayment mortgage you gradually pay off the amount you have borrowed, as well as the interest, over the life of the mortgage. The total amount that you must pay back, including the amount borrowed is 261, This means you pay back The overall cost for comparison is 1.63 for every 1 borrowed 4.5% APR The figures in this section will vary following interest rate changes and if you do not keep up the mortgage for 24 years. Only use the figures in this section to compare the cost with another repayment mortgage. 6. What you will need to pay each month This illustration is based on you borrowing 160, and includes the fees that are shown in Section 8 as being added to your mortgage. This illustration assumes that the mortgage will start on 01/06/2012 and that your first monthly payment is due on that date. Monthly payments 61 payments at a fixed rate of 4.29% Followed by 227 payments at a variable rate currently 4.49% Are you comfortable with the risks? What if the interest rates go up? This mortgage is fixed until 30/06/2017 and so the monthly payment will not change if interest rates vary during the fixed rate period. After 30/06/2017, the monthly payments shown in this illustration could be considerably different if interest rates change. For example, for one percentage point increase in Bank of England base rate, your monthly payment will increase by around Rates may increase by more than this so make sure that you can afford the monthly payment. What if your income goes down? You still have to pay your mortgage if you lose your job or if illness prevents you from working. Think about whether you could do this. Make sure you can afford your mortgage if your income falls. The Money Advice Service information sheet "You can afford your mortgage now, but what if...?" will help you consider the risks. You can get a free copy from or by calling Page 2 of 5

3 8. What fees must you pay? Fees payable to Bank of Ireland UK Arrangement fee. You have asked for this to be added to the loan on completion. Fee Amount We charge this fee for providing the loan shown in Section 6. It is refundable if you pay the fee before completion and the mortgage does not complete. A mortgage release fee - payable on full repayment and non-refundable. This fee is based on current rates and may be subject to change in the future. A lending fee. We charge this fee for making the loan under a new mortgage. The fee becomes due on completion but you can defer payment until the date on which the mortgage is fully repaid. We will assume that you want to defer payment unless you tell us otherwise. We will not charge interest on the fee in the meantime. The fee is not refundable Other Fees A non-refundable legal fee to the solicitor before the loan starts. The figure quoted here is an estimate and only covers the legal work undertaken on our behalf the total fee for conveyancing may be higher. Fee Amount YOU MAY HAVE TO PAY OTHER TAXES OR COSTS IN ADDITION TO ANY FEES SHOWN HERE 9. Insurance Insurance you must take through Bank of Ireland UK or Post Office Ltd You are not required to buy any insurance through Bank of Ireland UK or Post Office Ltd. Insurance that you must take out as a condition of this mortgage but that you do not have to take out through Bank of Ireland UK or Post Office Ltd Buildings Insurance Page 3 of 5

4 10. What happens if you do not want this mortgage any more? Early repayment charges Early repayment charges will apply if you repay all or any part of this mortgage before 30/06/2017. Cash examples if you repay the mortgage in full Early Repayment Period Basis of Charge Amount of charge Up to and including 30/06/ % of the amount being repaid 8, The maximum charge you could pay is 8, plus any mortgage release fee (see Section 8). If you have deferred payment of the lending fee then you will also have to pay this when the mortgage is fully repaid. The amount of the lending fee is What happens if you move house? If you move house you can transfer the rate, terms and conditions of the remaining balance of this mortgage to your new property. Conditions apply please see our Porting Your Mortgage Rate leaflet. 11. What happens if you want to make overpayments? Overpayments are permitted on this mortgage. A lump sum overpayment can only be made by cheque and is any amount that you pay to us in addition to the monthly payment due. When we receive a lump sum overpayment, we recalculate the amount you owe and the amount of interest you pay with effect from the following day. This means you get the benefit of paying less interest straight away. Regular overpayments can only be made by standing order and are amounts that you pay to us each month in addition to the normal monthly payment. When we receive a regular overpayment, we recalculate the amount you owe and the interest you pay from the first of the month after we receive the overpayment. The amount you owe will not be reduced immediately. Early repayment charges may apply and we charge an administration fee (currently 50) on each occasion please refer to section 10 for details. However, during each financial year you can make lump sum and/or regular overpayments that will not incur an early repayment charge or an administration fee providing that (1) each lump sum overpayment is not less than 500 and (2) the total amount repaid does not exceed 10% of the amount owed at 1 April. If an overpayment is made which causes the total amount overpaid to exceed 10% then the whole of that overpayment will be subject to any early repayment charge due and an administration fee will be payable. 12. Additional features Incentives You do not have to pay the Higher Lending Charge on this application. One free standard valuation report to be completed on your application. 13. Using a mortgage intermediary Bank of Ireland UK will pay Post Office Ltd \ Post Office Financial Services an amount of in cash and/or benefits if you take out this mortgage. Page 4 of 5

5 14. Where can you get more information about mortgages? The Money Advice Service publishes useful guides on choosing a mortgage. These are available free through its website or by calling The website also provides Comparative Tables to help you shop around. Contact details Post Office Ltd PO Box 27 Temple Quay Bristol BS99 7AX Tel: YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE Bank of Ireland UK is a trading name of Bank of Ireland (UK) plc which is authorised and regulated by the Financial Services Authority. Bank of Ireland (UK) plc is registered in England and Wales (No ), Bow Bells House, 1 Bread Street, London, EC4M 9BE. Telephone: (0117) Fax: (0117) Website: Page 5 of 5