about this mortgage 1. About this illustration

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1 about this mortgage Personalised illustration for: James Sample & Vicky Sample Date produced: Any Date Valid until: This illustration is valid only on the date produced. This is not a legally binding mortgage offer and does not oblige Nationwide to provide you with the mortgage described in this illustration. 1. About this illustration We are required by the Financial Conduct Authority (FCA) - 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? ABC Financial Planning Limited recommends, having assessed your needs, that you take out this mortgage. ABC Financial Planning Limited is not recommending a particular mortgage for you. However, based on your answers to some questions, we are 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 a mortgage loan for a property purchase. Loan Amount 210, No fees have been added to this amount but the fees you need to pay are shown in Section 8. For details of any insurance charges, see Section 9. Repayment Method Repayment Term of Mortgage 35 years Purchase Price 248, This means you will be borrowing 84.68% of the property's purchase price. Changes to any of the information you have given us and any valuation report that may be carried out on your property, could alter the details in this illustration. If this is the case please ask for a revised illustration. Reference: Page 1 of 9 Prepared Andrew Adviser

2 4. Description of this mortgage This illustration is provided on Nationwide's % 2 Year Fixed less than 85% (New Borrowers) mortgage. The mortgage is summarised below: Loan Amount Initial Rate Payable 210, % A fixed rate of 1.49% that will apply from completion until 31 March % 2 Year Fixed less than 85% (New Borrowers) Step 1 of your mortgage is described in the table above. Product Description Repayment Method Term of Loan Repayment Step 2 of your mortgage product starts after 31 March 2020, and the rate that will apply is Nationwide's Standard Variable Rate, currently 3.99% for the remaining term of the mortgage. 35 Years Any variation to the interest rate as a result of a change in the Bank of England base rate will take place within one month of the announcement of such change. Restrictions on this mortgage This mortgage is available up to a maximum of 85% of the property's valuation. Other information The terms of this mortgage reflect past or present financial difficulties. Notes The Variable Rate is Nationwide's Standard Mortgage Rate. The Standard Mortgage Rate is not subject to any upper limit or cap. 5. Overall cost of this mortgage The overall cost 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 you must pay back, including the amount 378, borrowed is This means you pay back 1.80 for every 1 borrowed The APRC applicable to your loan is 3.76% APRC An explanation of the APRC (Annual Percentage Rate of Charge) is detailed in Section 13. The figures in this section will vary following interest rate changes and if you do not keep the mortgage for 35 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 Monthly payments These payments are based on a Repayment Only mortgage of 210, and assumes the mortgage will start on 1 st April payments at a fixed rate of 1.49% Followed by 396 payments at a variable rate, currently 3.99% Reference: Page 2 of 9 Prepared Andrew Adviser

3 7. Are you comfortable with the risks? What if interest rates go up? The monthly payments shown in this illustration could be considerably different if interest rates change. For example, after the Fixed rate ends after 24 months, for one percentage point increase in the Standard Variable Rate, your monthly payment will increase by around RATES MAY INCREASE BY MUCH MORE THAN THIS SO MAKE SURE YOU CAN AFFORD THE MONTHLY PAYMENT. What if your income goes down? You will 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 Reference: Page 3 of 9 Prepared Andrew Adviser

4 8. What fees must you pay? Fees payable to Nationwide Fee Payable Added to Loan Arrangement Fee Refundable Fee Details Fee Amount Up Front No No Can be Added to Loan Valuation Fee Up Front No No Free Lender Conveyancing Fee On Completion No No Redemption Charge On Early Redemption Other fees Fee Payable Added to Loan No No Currently Refundable Fee Details Fee Amount Broker Fee Up Front No No Payable to ABC Financial Planning Limited Broker Fee On Application No No Payable to ABC Financial Planning Limited If you wish you can add the 'Arrangement Fee' to the mortgage. This would increase the amount you borrow to 210, and would increase the payments shown in Section 6. If you want to do this, you should ask for another illustration that shows the effect of this on your monthly payments. You may have to pay other taxes or costs in addition to any fees shown here. Reference: Page 4 of 9 Prepared Andrew Adviser

5 9. Insurance Monthly Payment Insurance you must take out through Nationwide or ABC Financial Planning Limited You are not required to buy any insurance through Nationwide or ABC Financial Planning Limited Insurance you must take out as a condition of this mortgage but that you do not have to take out through Nationwide or ABC Financial Planning Limited Buildings Insurance Reference: Page 5 of 9 Prepared Andrew Adviser

6 10. What happens if you do not want this mortgage any more? Early repayment charges The figures assume a start date for the mortgage of 1 st April Early repayment charges are payable on this mortgage until 29 th February 2020 as follows. Early Repayment Charges on your mortgage Loan Amount Start of charge period Basis of charge 01/04/2018 to 31/03/2019 Cash Examples (amount you would repay if the loan is redeemed during the date ranges below) 01/04/2019 to 29/02/ , /04/2018 2% of outstanding loan 4, /04/2019 1% of outstanding loan 2, Redemption Charge Total 4, , Should you repay your mortgage, the maximum charge you could pay is 4, plus fees which are currently Notes The early repayment charges shown are the maximum charge you could pay if you repay the loan, or transfer to another product, or exceed your overpayment allowance as detailed in section 11. A nonrefundable administration fee may be payable to Nationwide when you repay the mortgage. This fee will not be payable if, at the time of repayment of this mortgage, you take out a new Nationwide mortgage or you have 10 years or less remaining of the term of this mortgage. The fee is fixed at 65. What happens if you move house? If you move house and the lender is able to offer you a new loan, you can keep this mortgage product and you will not have to pay an early repayment charge if you transfer the balance and the terms of this product to the new loan for the remainder of the Benefit Period. This product may not be available for any additional borrowing above the balance transferred when completing your new mortgage. This does not guarantee acceptance of any future loan application. For full details of the conditions that apply, please consult the product literature. 11. What happens if you want to make overpayments? An 'overpayment' is any payment in addition to the normal monthly payment as quoted in section 6 above and also in addition to any arrears balance currently outstanding. Payments of capital included in your overpayments will reduce the amount on which we charge interest from the day after payment. If you make overpayments totalling more than 10% of the original loan advance amount* (the Overpayment Allowance), during the early repayment charge period(s) shown in section 10, you will be charged an Early Repayment Charge. This will be based on the percentage(s) shown in section 10 and calculated on the amount paid in excess of the Overpayment Allowance. The 12 month Overpayment Allowance period will start on the first day of the month following completion. This will continue to be reset every 12 months until the end of your benefit period as described in section 4. If you are porting any products to your new mortgage, as described in section 10, the overpayment calculation will be based on the balance(s) being ported to this new mortgage and not the original advance amount on your existing mortgage. Your new 12 month allowance will commence from the first day of the month you complete on your new mortgage. There are no restrictions to making overpayments after the product Fee Period has ended. *original loan advanced amount is that quoted in section 6 excluding any fees added to the loan and less any fees deducted from the loan amount advanced. Reference: Page 6 of 9 Prepared Andrew Adviser

7 12. Additional features Underpayments We will allow you to pay reduced monthly payments at any time up to the value of any credit balance you have previously built up, provided all of your accounts are up to date. You must obtain our agreement to this prior to reducing your monthly payments. Interest will not be charged on the increased balance arising from underpayments until the next capitalisation of the account. The above are additional features of your mortgage product. If you switch to a new product in the future, these additional features may no longer be available: Incentives Free Valuation for Purchases. 13. Interest rate and other costs The APRC is the total cost of the mortgage expressed as an annual percentage. The APRC is provided to help you to compare different illustrations. Because your mortgage is a variable interest rate mortgage, the actual APRC could be different from this APRC if the interest rate for your mortgage changes. For example, if the interest rate rose to 10.99% the APRC could increase to 11.65% and your mortgage payments could increase to 1, Please make sure that you are aware of all other taxes and costs associated with your mortgage. 14. Other rights of the borrower You have 7 days after being given a binding mortgage offer to reflect before committing yourself to taking out this loan. 15. Using a mortgage intermediary Nationwide will pay Intrinsic Financial Services an amount of in cash or in benefits if you take out this mortgage. 16. 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 If you wish to discuss this mortgage illustration please contact: Training 199 ABC Financial Planning Limited 120 Street, Town, County Or Phone YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE Reference: Page 7 of 9 Prepared Andrew Adviser

8 Summary of mortgage payments Month / Year Interest rate % Type of rate Payment Total sum paid to date Total interest charged to date Total debt repaid to date Remaining debt Apr 1.49 Fixed May 1.49 Fixed Jun 1.49 Fixed Jul 1.49 Fixed Aug 1.49 Fixed Sep 1.49 Fixed Oct 1.49 Fixed Nov 1.49 Fixed Dec 1.49 Fixed Jan 1.49 Fixed Feb 1.49 Fixed Mar 1.49 Fixed Fixed Fixed Variable Variable Variable Variable Variable Variable Variable Variable Variable Variable Variable Variable Variable Variable Variable Variable Variable Variable Variable Variable Variable Variable Variable Variable Variable Variable Variable Variable Variable Variable Variable Variable Variable THE TOTAL AMOUNT THAT MUST BE PAID COULD BE CONSIDERABLY DIFFERENT FROM THAT SHOWN, DUE TO VARIABLE INTEREST RATES. Reference: Page 8 of 9 Prepared Andrew Adviser

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