6.45% Fixed to 31/05/2011

6.45% Fixed to 31/05/2011

Up to £500,000 85% LTV (Rmg 85%)

Mortgage is Portable

If you move house prior to the end of your chosen rate option you can take the terms and rate(s) on your current remaining mortgage balance with you to your new property subject to Bank of Ireland's terms and conditions relating to 'Portability'.

Self Cert Accepted

With immediate effect, our policy regarding Builder or Vendor Incentives and Deposits has changed. Our lending is now based on the lower of either the valuation or the net purchase price after the deduction of the incentive.

We will no longer accept purchases at below market value, or purchases where the vendor has owned the property for less than 6 months. Distressed sales (i.e. a sale to avoid repossession proceedings, or sell and let back schemes) will not be considered under any circumstances.

Sales from development companies to an applicant where there is a personal or other close relationship with the developer are not acceptable.

Product is not CAT standard.

Minimum Overpayment – You may repay the whole or part of the loan at any time before payment is due, subject to any repayment in part being an amount not less than £2000.

Regular Overpayments – During each financial year (for the purposes of this illustration, ‘financial year’ means from 1 April to 31 March and ‘overpayments’ means any payment of not less than £2000, you make in addition to the normal monthly instalment.) you may make overpayments that will not incur an early repayment charge or administration fee, providing the total amount repaid does not exceed 10% of the account balance on the previous March. (If an overpayment is made so that the total amount exceeds 10% of the account balance then the whole of the amount repaid will be subject to any early repayment charge that is due.)

Following receipt of your overpayment or regular overpayment, Bank of Ireland Mortgages will immediately recalculate the instalment on the remaining balance and liaise with you to confirm your instructions.

This mortgage includes a facility for additional secured borrowing. Additional secured borrowing can be considered subject to six months satisfactory mortgage account conduct, a formal application and meeting Bank of Ireland Mortgages terms and conditions.

Bank of Ireland Mortgages does not currently offer Flexible products on Additional Borrowing.

THIS WILL INCREASE THE AMOUNT OF BORROWING SECURED ON YOUR HOME.

This mortgage is available for loans up to 85% of the purchase price or valuation, whichever is lower, subject to Bank of Ireland's standard lending terms and conditions.

Capital Rest Period : Daily

Repayment Yes

Endowment Yes

PEP Yes

Pension Yes

Interest only (no RV) Yes

With Profits Yes

Unit Linked Yes

ISA Yes

Split Repayment Yes

Arrangement : £999 Can be Added

Booking : None

5% of loan to be paid until 31/05/2011, 10% capital repayments allowed per year without penalty

None

Basic:

upto £50,000 - £190

upto £75,000 - £208

upto £100,000 - £220

upto £150,000 - £240

upto £200,000 - £255

upto £250,000 - £300

upto £350,000 - £340

upto £450,000 - £400

upto £500,000 - £460

upto £600,000 - £535

upto £700,000 - £610

upto £750,000 - £685

upto £800,000 - £685

upto £900,000 - £760

upto £1,000,000 - £835

upto £1,500,000 - £905

upto £2,500,000 - £1105

upto £3,000,000 - £1205

Homebuyers:

upto £50,000 - £310

upto £75,000 - £348

upto £100,000 - £390

upto £150,000 - £440

upto £200,000 - £470

upto £250,000 - £520

upto £350,000 - £580

upto £450,000 - £670

upto £500,000 - £780

upto £600,000 - £810

upto £700,000 - £840

upto £750,000 - £840

upto £800,000 - £870

upto £900,000 - £900

upto £1,000,000 - £950

upto £1,500,000 - £1105

upto £2,500,000 - £1455

upto £3,000,000 - £1605

Higher Lending Charges are calculated on the difference between 75% of the value of your home and the amount you wish to borrow. Added fees will not be included in this calculation.

Lenders Conveyancing Fee - £117.50 Payable on completion. Legal fees are an estimate figure that you might be charged for carrying out work on behalf of Bank of Ireland Mortgages Limited only. This covers part of the cost of the legal work that you might need to pay. Fee payable to your conveyancer.

Land Registry - £22.00 Payable on completion. Land Registry fee is an estimated figure for registering the Bank of Ireland Home Mortgages Limited charge.

Arrangement Fee Note - £0.00 Payable upfront. If this mortgage does not complete and this fee has been paid, a refund will be due.

Telegraphic Transfer - £30.00 Added to loan. If this mortgage does not complete and this fee has been paid, a refund will be due.

Mortgage Release Fee - £0.00 Payable on redemption.

Lending fee - £195.00 Payable on redemption. Due on completion but you can defer payment until the date on which the mortgage is fully repaid. We will assume that you want o defer payment unless you tell us otherwise. We will not charge interest on the fee in the meantime.

Insurance Admin - £25.00 Payable on completion.

Freehold Flat No

Purpose Built Flat Yes

Converted Flat Yes

Flat Over Shop No

Maisonette Yes

Studio Flat No

Flying Freehold Yes

Thatched Yes

Timber Framed Refer

Concrete Refer

Agricultural Tie No

Flat Over 4 Storeys Yes

Listed Building Yes

Not Accepted

Self certification not available for former MOD housing

Flying Freehold : must not exceed 10%

Flats in blocks of 10 storeys or more will be considered with our

prior approval, on individual merits

Accepted Locations : England, Scotland, Wales, N Ireland

Bank Statements No

At Least 3 Months Pay Slips No

P60 No

Proof Of Residency Yes

Life Policy To Be Assigned No

Previous Lender References Yes

Buildings Conditional

Min Loan £25,001/Rmg £25,001

Max Loan £500,000/Rmg £500,000

Max Portfolio of BTL Loans none

Min Age 21 years

Max Age 70 years

Min Term 10 years

Max Term 40 years

Foreign Citizens Not Accepted

Ex-Patriates Not Accepted

Based on Income > 0

4.5 + 1 or 4 joint

Min months in current position 6

Min months in continuous service 6

Min no. of years accounts 2

Average years taken to calculate income 1

Will consider declining profit Refer

Lending to an applicant on a short term contact only considered for

professionals.

Employed: Minimum 6 months PAYE (employed)

Self Employed: Minimum 12 months self employed..

Hire Purchase Taken into account

Personal Loans Taken into account

Overdraft NOT Taken into account

Credit/Store Cards Taken into account

Child Maintenance Taken into account

Child Education NOT Taken into account

Extra Income:-

Other Income - Guaranteed No

Other Income - Regular No

Other Income - Irregular No

Investment Income No

Mortgage Subsidy No

Large Town Allowance Add 100% to income before multiply

Maintenance Payments No

Non Contributory Pension No

Car Allowance Add 100% to income before multiply

Capital Raising Acceptable

Home Improvements Acceptable

Debt Consolidation Refer to Lender

School Fees Acceptable

Holidays/Cars Acceptable

Buy Other Property Acceptable

Business Purposes Not accepted

Divorce Settlement Acceptable

Unencumbered Acceptable

Remortgages will only be accepted where the applicant has owned the property for a minimum of 6 months at the time of application. ‘Next day’ remortgages, or any other type of transaction where the applicants ownership is less than 6 months, are not acceptable.