6.19% Fixed to 31/05/2013

6.19% Fixed to 31/05/2013

Up to £1,000,000 85% LTV (Rmg 85%)

Mortgage NOT portable

COMPLETION DEADLINE 31/08/2008.

- Mortgage is NOT for First time buyers

Product is not available for FTB

Foreign nationals with no indefinite stay in the UK, refer to A-Z lending guide.

Applications will not be considered form any non-UK national who has the benefit of diplomatic immunity.

Guarantors not allowed.

Max 4 applicants

Max Portfolio of BTL Loans within HBOS Group: £10 million

Lending Calculation:

The Loan to Value is calculated on the lower of purchase price plus cost of improvements or property value. The exceptions to this are remortgage applications, mortgage free properties and right to buy applications where loan to value will be calculated based on property value.

Product is not CAT standard.

Payment Holidays Allowed. Providing your mortgage is no more than one month in arrears and your mortgage is at least three months old, you can apply for a payment holiday.

Further information regarding other conditions applying to underpayments and payment holidays can be found in Bank of Scotland's booklet 'Information about your mortgage' which is issue with mortgage offers.

You are free to make lump sum or regular overpayments to this mortgage at any time. For details of any early repayment charges that may apply please refer to Section 10.

As a concession, in any one year you may repay up to 10% of the amount outstanding on your special rate product without having to pay an early repayment charge. Bank of Scotland reserve the right to change or withdraw this concession.

The daily interest method will apply and the interest charged takes account of any changes in the mortgage debt from day to day. If you pay more than the amount asked for as your monthly payment it will reduce the balance on your mortgage account. This will immediately reduce the amount of interest you have to pay because interest will be charged on the reduced balance.

Providing your mortgage is not in arrears you can make underpayments equal to the amount of any previous overpayments.

Builder/Vendor deposit max acceptable 5% of lower purchase price or property value

- Applications for Remortgage within 6 months of initial property purchase are not acceptable

Not available to First Time Buyers.

Multiple lets are not acceptable ( more than on AST in place within a property

Buy to Let : Accepted

Let to Buy : Accepted

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 : 2% of loan Can be Added

Booking : None

4% of loan to be paid until 31/05/2009, Then 3% of loan to be paid until 31/05/2010, Then 2% of loan to be paid until 31/05/2011, Then 1% of loan to be paid until 31/05/2013, 10% capital repayments allowed per year without penalty

None

Basic:

upto £50,000 - £240

upto £100,000 - £280

upto £150,000 - £315

upto £200,000 - £355

upto £300,000 - £430

upto £400,000 - £500

upto £500,000 - £565

upto £600,000 - £620

upto £700,000 - £680

upto £800,000 - £735

upto £900,000 - £790

upto £1,000,000 - £845

upto £1,200,000 - £960

upto £1,400,000 - £1070

upto £1,600,000 - £1185

upto £1,800,000 - £1295

upto £2,000,000 - £1410

upto £2,200,000 - £1520

upto £2,400,000 - £1635

upto £2,600,000 - £1745

upto £2,800,000 - £1860

upto £3,000,000 - £1970

Homebuyers:

upto £100,000 - £460

upto £150,000 - £490

upto £200,000 - £540

upto £300,000 - £660

upto £400,000 - £790

upto £500,000 - £930

upto £600,000 - £1070

upto £700,000 - £1210

upto £800,000 - £1350

upto £900,000 - £1490

upto £1,000,000 - £1630

upto £1,200,000 - £1830

upto £1,400,000 - £2030

upto £1,600,000 - £2230

upto £1,800,000 - £2430

upto £2,000,000 - £2630

upto £2,200,000 - £2830

upto £2,400,000 - £3030

upto £2,600,000 - £3230

upto £2,800,000 - £3430

upto £3,000,000 - £3630

Min Valuation £40000

When fees are added the rate is charged at the SVR

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.

Lender Conveyancing Fee - £155.39 Payable on completion. A non refundable fee to your conveyancer for work carried out on Bank of Scotland behalf payable before the mortgage completes. The figure is an estimate and does not cover charges for work done on your behalf or fees paid to others such as search fees.

Deeds Release Fee - £50.00 Payable on redemption. Payable whenever the lender sends the deeds out.

Freehold Flat No

Purpose Built Flat Yes

Converted Flat Yes

Flat Over Shop Refer

Maisonette Yes

Studio Flat Yes

Flying Freehold Refer

Thatched Refer

Timber Framed Refer

Concrete Refer

Agricultural Tie Refer

Flat Over 4 Storeys Refer

Listed Building Refer

Not Accepted

New Build acceptable. Steel framed: Refer to lender

New Build: must be covered by Builders Standard Indemnity Scheme.

Unacceptable properties

House Boats

Mobile Homes

Where buildings insurance cannot be arranged on the property

Leasehold properties - lease must have at least 30 years remaining on the lease at the end of the mortgage term, guidance is available for short term leases. Where the lease has less than 30 Years remaining, we may be able to proceed in certain circumstances, refer to A-Z lending guide for further details.

No multiple occupancies or bedsits.

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 No

Buildings Conditional

Min Loan

Max Loan £1,000,000/Rmg £1,000,000

Max Portfolio of BTL Loans £10,000,000

Min Age none

Max Age none

Min Term 1 years

Max Term 40 years

Foreign Citizens Not Accepted

Ex-Patriates Not Accepted

Based on Income > 0

Refer to rental income calculations

Min months in current position none

Min months in continuous service none

Min no. of years accounts none

Average years taken to calculate income none

Will consider declining profit Yes

Rental calculation: 125% at payrate

There is a minimum income of £25000 (single or joint) per application.

Minimum Income £25000

Hire Purchase NOT Taken into account

Personal Loans NOT Taken into account

Overdraft NOT Taken into account

Credit/Store Cards NOT Taken into account

Child Maintenance NOT Taken into account

Child Education NOT Taken into account

Extra Income:-

Other Income - Guaranteed Add 100% to income before multiply

Other Income - Regular Add 60% to income before multiply

Other Income - Irregular Add 60% to income before multiply

Investment Income Add 100% to income before multiply

Mortgage Subsidy Add 100% to income before multiply

Large Town Allowance Add 100% to income before multiply

Maintenance Payments Add 50% to income before multiply

Non Contributory Pension No

Car Allowance Add 100% to income before multiply

Capital Raising 85%

Home Improvements 85%

Debt Consolidation 85%

School Fees 85%

Holidays/Cars 85%

Buy Other Property 85%

Business Purposes Refer to Lender

Divorce Settlement 85%

Unencumbered Refer to Lender

The lender will consider Unencumbered properties- please refer to the lender first

The remortgage service is not available where the security property is unencumbered

CCJs : Not Acceptable

Defaults : Not Acceptable

Arrears : Not Acceptable

Bankrupt : Not Acceptable

Current IVA : Not Acceptable

Repossession : Not Acceptable

Undercharged bankrupts not accepted

Acceptability of discharged bankrupts after a period of 3 years from date of discharge

CCJs, Defaults, Arrears. Generally taken into account in credit scoring

Bank Of Scotland will judge customers with previous or existing adverse credit in a flexible manner and every case will be judged on its individual merits, along with the customer's ability to keep up repayments on the mortgage, taking into account his/her existing liabilities. Bank of Scotland will consider cases of financial difficulty and mortgage arrears sympathetically.