WHAT DOCUMENTATION DO I NEED FOR A MORTGAGE APPLICATION?

Transcription

1 WHAT DOCUMENTATION DO I NEED FOR A MORTGAGE APPLICATION? The following items are usually required for each mortgage applicant CHECKLIST Fully Completed and Signed Mortgage Application Form Salary Certificate Completed By Employer Payslips For The Last 3 Months P60 For Last Year 6 Months Consecutive Bank Statements Evidence Of Regular Savings Loan Statements (if any) Credit Card Statements (if any) Recent Utility Bill Photo ID SELF EMPLOYED APPLICANTS ONLY 2 Years Trading Profit & Loss A/C Letter From Accountant Confirming Tax Affairs Are In Order/Tax Clearance Certificate Revenue Notice of Assessment (2 Years) 12 Months Business Bank Statements

2 SALARY CERTIFICATE/STATUS ENQUIRY Applicants Name: Staff Number: Applicants Address: Dear Employer, The Lender is processing a loan application form the above applicant, who has informed us that he/she is currently employed by you. We would be obliged if, in the strictest confidence, you would supply us with the following: 1. Date of commencement of employment: 2. Position now held: 3. PPS Number: 4. Permanent/Temporary: 5. Average net monthly: 6. Annual Salary or Wages Basic: 7. Commission: G* R* Irreg* 8. Bonus: G* R* Irreg* 9. Overtime average per annum G* R* Irreg* 10. Is Employee pensionable? 11. So far as you are able to tell, will he/she continue to be in your service 12. Is he/she subject to salary scale? If so, what is the maximum of such scale and by what annual Increments reached? 13. Is the employee subject to a probationary period? Yes No 14. If yes, please state remaining term of probation? 15. Location of Employment Signature Print Name Company Company Registration Number Title/Position Address Telephone and Fax Number Date Please authenticate with a company seal or stamp IFG One Network, Booterstown Hall, Booterstown Avenue, Co Dublin Telephone: (01) Fascimile: (01) Website: G* Guaranteed R* Regular Irreg* Irregular

3 SALARY CERTIFICATE/STATUS ENQUIRY Applicants Name: Staff Number: Applicants Address: Dear Employer, The Lender is processing a loan application form the above applicant, who has informed us that he/she is currently employed by you. We would be obliged if, in the strictest confidence, you would supply us with the following: 1. Date of commencement of employment: 2. Position now held: 3. PPS Number: 4. Permanent/Temporary: 5. Average net monthly: 6. Annual Salary or Wages Basic: 7. Commission: G* R* Irreg* 8. Bonus: G* R* Irreg* 9. Overtime average per annum G* R* Irreg* 10. Is Employee pensionable? 11. So far as you are able to tell, will he/she continue to be in your service 12. Is he/she subject to salary scale? If so, what is the maximum of such scale and by what annual Increments reached? 13. Is the employee subject to a probationary period? Yes No 14. If yes, please state remaining term of probation? 15. Location of Employment Signature Print Name Company Company Registration Number Title/Position Address Telephone and Fax Number Date Please authenticate with a company seal or stamp IFG One Network, Booterstown Hall, Booterstown Avenue, Co Dublin Telephone: (01) Fascimile: (01) Website: G* Guaranteed R* Regular Irreg* Irregular

4 R ESIDENTIAL P ROPERTY P URCHASE A PPLICATION F ORM

5 Thank you for choosing us... We aim to make this mortgage process as simple and as easy as possible for you. To ensure the speedy processing of your application, please ensure that the form is completed in full and that all relevant supporting documentation is attached. Your mortgage application is divided into two parts. The first part of your mortgage application captures information about you, the applicant. The second part gives important information about the mortgages offered by a given lender, including statutory warnings. In Part Two, your signature is required in relation to your application for a mortgage loan and your consent is sought in relation to various matters. You must complete Part Two in respect of each mortgage lender to which the application is to be submitted by the mortgage intermediary. A copy of Part One will be attached and forwarded to each such mortgage lender. Please ensure that all applicants sign Parts One and Two of the mortgage application. WARNING: YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER LOAN SECURED ON IT. VARIABLE RATE MORTGAGE: THE PAYMENTS ON THIS HOUSING LOAN MAY BE ADJUSTED BY THE LENDER FROM TIME TO TIME. To be completed by intermediary: Basis of identity: Face to Face Non Face to Face Agent Signature: 1

6 A. APPLICANT(S) DETAILS First Applicant Second Applicant Surname Forename(s) Other/previous names Title (Mr/Mrs/Miss/Ms/Other) Date of Birth / / / / Nationality PPS Number Marital Status Married Widowed Married Widowed Single Separated Single Separated Divorced Divorced Details of children Number Ages Number Ages Current address Correspondence address Home telephone number Work telephone number Mobile telephone number address Residential status Time at current address Previous address(es) (if less than three years at current address) Owner Tenant With parents relatives/friends years months Owner Tenant With parents relatives/friends years months Time at previous address(s) years months years months 2

7 B. YOUR CURRENT INCOME First Applicant Second Applicant Please indicate if the following incomes are Guaranteed (G), Regular (R) or Irregular (I), by ticking the appropriate box: Gross basic wage/salary per annum Overtime per annum Bonuses per annum Commissions per annum Other income* per annum Total income gross per annum Total of joint financial income if appropriate per annum Total of NETT income (net of tax & PRSI) per month *Please state nature of other income Occupation - Full time or permanent? Y or N Employer s name Address AMOUNT (G) (R) (I) AMOUNT (G) (R) (I) C. EMPLOYMENT DETAILS If self employed, in partnership or director in private company - See Section D Yes No Yes No Telephone number Nature of business Length of service with this employer Previous Employment Details Name and address of previous employer (To be completed if you have worked for your present employer for less than 2 years) or if self-employed, trading name and address. Occupation years months years months Length of service with this employer Name of firm/company years months years months D. SELF EMPLOYED DETAILS To be completed if self employed, in partnership or director in private company Address Nature of business How long has the business been established? Percentage shareholding or partnership interest Name of accountant Trading name Length of time involved Length of time involved Address Tel. no. Fax no. Tel. no. Fax no. 3 years audited accounts available Yes No Tax affairs up to date Yes No 3

8 Current Bank/Building Society Address E. FINANCIAL DETAILS First Applicant Second Applicant Account type(s) Account number Sort Code How long have you held this account? years months years months Existing Mortgages, Other Loans & Commitments Have you had a mortgage in the last 12 months Yes No Number of mortgages held Mortgage 1 Mortgage 2 Mortgage 3 Inception Date Inception Date Inception Date Term of mortgage Term of mortgage Term of mortgage Estimated Sale Price Estimated Sale Price Estimated Sale Price Are you selling? Yes No Are you selling? Yes No Are you selling? Yes No Name of lender Mortgage account no. Address of Lender Property value Balance due Original loan amount Year purchased / / / / / / Payment per month Address of property Type of mortgage If fixed, for how long? rental income? Is any property registered in any name other than the applicants Yes* No *If yes please give details Please tick box in whose name financial commitments have been incurred (if joint commitment please tick both boxes) Financial Institution 1st 2nd Applicant Applicant Amount owing Monthly payment Purpose of loan e.g. car, holiday etc. To be refinanced Yes No Yes No Yes No Yes No Rent Yes No Maintenance payments (if separated/divorced) TOTAL 4

9 F. DETAILS OF YOUR CREDIT HISTORY First Applicant Second Applicant Have you ever been refused a mortgage on this or any other property? Have you ever had a court order registered against you? Have you ever been insolvent, declared bankrupt or made any arrangements with creditors or any other action pending? Yes No Yes No Yes No Yes No Yes No Yes No How many payments have you missed on your mortgage? How many payments have you missed on your any other loan? (please state the most payments missed on any one loan) Past 12 mths Ever Past 12 mths Ever Past 12 mths Ever Past 12 mths Ever Complete Section K if you have indicated any missed payments above. Purpose of mortgage (please specify) G. DETAILS OF MORTGAGE REQUIRED *Where Title Insurance, please complete section O First time buyer Yes No Yes No If joint application, is title of property to be in joint names Yes No If you are purchasing a property, please complete Section 1. Alternatively, if you are re-mortgaging or require funds for other purposes, please complete Section 2 below. Section 1 (purchase only) Section 2 (re-mortgage only) Purchase price/cost of building Mortgage required Remortgage amount Site price (if applicable) Savings* Property value Legal & stamp duty (if applicable) Grant Loan value % % Repairs / renovations Gifts Year of original purchase Other costs* Other funds* Age of property Total expenditure Total finance *Please supply details of other costs and/or savings, or other funding sources What type of repayment method do you require? Annuity Endowment Pension (Supply details) Interest Only (Initial years) Other Mortgage term Years Type of loan required Variable Fixed for years Tracker Split Discount Variable Other 5

10 H. DETAILS OF PROPERTY TO BE MORTGAGED Address of property to be mortgaged Type of property Terraced Bungalow Semi-detached Detached Duplex Apartment Estimated completion / closing date If an apartment/duplex, please indicate number of floors in block Estimated value Number of rooms Living Dining Bedrooms Bathrooms Kitchen Utility room If buying or building a new property Homebuilders Bond Part of a development Yes No Direct labour construction Yes* No Yes No Stage payment required Yes No Tenure of property Is fixed price contract Yes No Architect's level of Yes* No in place supervision *If direct labour or if builder is unregistered Freehold Leasehold Number of years remaining on lease (if leasehold) years Do/Will you have vacant possession on the whole of the property on completion of the loan? If no, please give details at Section "J" Yes No Age of property If property is less than 10 years, is HB47 / architects certificate available? Yes No years Type of construction i.e. Brick, stone Is the property for private owner occupation only, if no please state purpose of property Yes No Details of any person over the age of 18 other than the applicant(s) who will reside in the property Name and address of Estate Agent Name and address of contact for access for valuation purposes Name/Tel of Architect Full name Date of birth Relationship with applicant(s) Tel. No. Tel. No. Tel. No. Name/Tel of Builder Name I. YOUR SOLICITOR'S DETAILS Tel. No. Name of firm Address Tel. No. Fax No. DX No. address 6

11 J. ADDITIONAL INFORMATION Please use this section if you need extra space to complete any of the questions asked throughout the form or if you wish to include further information. K. ADDITIONAL INFORMATION Please complete this section if you have ever been made bankrupt, refused a mortgage, made arrangements with creditors, been insolvent, had any court judgements for debt made against you or been in arrears with any existing or previous loans, credit cards, or if you have had a credit card revoked. 7

12 L. DECLARATIONS AND SIGNATURES I/We declare that: The information given in this form is true and complete to the best of my/our knowledge and belief, whether completed by me or otherwise and all facts relevant to this application have been disclosed. There are no existing loan or advances in my/our names with any lender other than declared in this form. I/We have no convictions or pending prosecutions relating to acts of dishonesty, such as theft or fraud. I/We will notify Mortgage Broker Solutions of changes to information provided prior to the loan being drawn down. I/We authorise you: To make any enquires necessary to confirm the information given in this form and for credit assessment. Where done in the interests of fraud prevention, to make such enquires as necessary in relation to my/our mortgage application and to disclose information provided by me/us in this application. I/We agree: To securitisation of our mortgage, at the lenders discretion, and to disclosure of my/our name, address and other information relevant to the loan. This information will only be disclosed to a lender on the understanding that it intends to participate in funding the mortgages and that the information will be kept confidential. The securitisation process involves packaging mortgages together and asking other financial institutions to share the credit risk and security. This would not affect the relationship between you and the lender, the lender would still be responsible for the administration of your mortgage. I/We declare and agree that: 1. This form must not be construed as an offer on behalf of the lender and any advances offered may be revised or cancelled before the advance is paid. 2. I am/ We are 18 years and over. 3. I/We will pay any insurance charges necessarily incurred by the lender. 4. I/We authorise any enquires of my /our employer(s) or auditor / accountant or lenders or any other parties. 5. The rate of interest will be that which the lender is charging on the date on which the loan cheque is drawn down and subsequently the rate and repayment may vary within the terms of the mortgage. 6. I/We will not let the property or use if for any other business purpose without the lenders consent in writing. 7. No responsibility can be accepted by the lender for the condition of the property. 8. I/We acknowledge that by this loan application(s) form, I/we have been informed by the lender in writing that any insurance which the lender requires to be effected or maintained on the property may be effected or maintained by me/us with any insurer and with any agency or any intermediary subject to the lenders requirements. 9. I/We further authorise the lender to supply such information as I/we have given to the lender to an insurance company, if it is necessary to obtain a suitable indemnity policy, or any other insurance. 10. I/We authorise the lender to send my/our solicitor copies of any letter issued by the lender to me/us on foot of the application and any other information in the lenders possession relevant to this application. 11. I/We understand that I/we should not rely on the lenders valuation report in any way in deciding whether or not to purchase the property and that the lender s valuation shall not be construed as reasonableness of purchase price for value. I/we understand that if, contrary to the lenders recommendation, I/we do not request or obtain a fuller report for my/our own purposes, I/we run the risk that the property may suffer from serious defects which are not mentioned in the lenders valuation report and that the report may be defective, or may be inadequate for my/our purposes. I/we further understand that should the lender grant a loan this shall not signify as an assurance or guarantee that the property is soundly constructed and free of defects. 12. I/We are aware and agree that this application form may be presented to more than one lender for underwriting. 13. I/We understand that I am /we are not guaranteed access to the lowest cost mortgage available in the market. 14. I/We will pay any expenses that may be incurred in dealing with this application. 15. I/We have read the mortgage related fees information sheet which I/we understand constitutes part of my/our mortgage application, where applicable. 16. I/We consent to and authorise the lender to release personal data relating to me/us and information relating to all transactions between the lender or any subsidiary company of the lender and I/us including credit references to any person or body including any credit information agency whether for the purpose of a loan transfer and securitisation scheme or otherwise. 17. I/We understand the lenders right to decline this application without giving a reason or without entering into correspondence. 18. The operation of Tax Relief at Source is subject to audit by the Revenue Commissioners. These audit powers allow the Revenue Commissioners to access records in the lenders possession including correspondence and the records of other communications between a lender and an individual having a qualifying mortgage loan. Should you qualify for TRS, your monthly TRS payment will be lodged to your bank account on the same day that you make your mortgage payments. 19. I/We understand that this mortgage application will be processed and packaged on behalf of the agent/broker and lender by Mortgage Broker Solutions. For the purpose of the Consumer Credit Act 1995 I/We consent, for the purpose of Section 45 of the Consumer Credit Act, 1995 to any notice or written communication connected with this Mortgage Application being sent to any member of my/our family/families or to my/our employer(s), accountant(s), solicitor(s), or agents(s) or any other person I/we may designate for this purpose. I/We also consent, for the purpose of Section 46 of the Consumer Credit Act, 1995 to any communications by telephone and to any visit from the lender or any person acting on the lender s behalf at my/our place(s) of employment or business at any time. I/We hereby further consent, for purposes of Section 46 of the Consumer Credit Act, 1995 to telephone call or visit from the lender or any person acting on the lender s behalf to my/our employers or any member of my/our family/families. In particular, immediately prior to drawdown of the loan, I/we consent to the lender contacting my/our employer(s) or accountant(s) by telephone in order to re-affirm my/our employment or business trading status. Signatures: Applicant 1 Applicant 2 Date Date In signing the above I declare that the details mentioned above have been brought to my attention which are agreeable and acceptable to me. 8

13 M. DATA PROTECTION ACT IFG Investment & Mortgage Services Ltd., t/a Mortgage Broker Solutions ( Mortgage Broker Solutions ) is a joint venture company owned equally by IFG Group plc and GE Capital Woodchester Ltd. Mortgage Broker Solutions shall comply with its obligations under the Data Protection Act, 1988, the European Communities (Data Protection) Regulations, 2001 and the Data Protection (Amendment) Act, 2003 (as may from time to time be amended, replaced, supplemented or re-enacted) and all applicable data protection legislation in respect of the details, information and personal data provided by you in this application form (the Data ). The Data shall be used by Mortgage Broker Solutions, its agents, lenders and First American Title Underwriting Ireland Ltd., (where applicable) in order to process this mortgage application and provide mortgage facilities to you. The applicant(s) agree(s) that Mortgage Broker Solutions may hold and possess by computer or otherwise, the Data provided by you in this application, together with any additional Data. The applicant(s) also agrees that Mortgage Broker Solutions may use this data, and disclose this data as part of a mailing list to carefully selected third parties (including GE Capital Woodchester Ltd., and other companies in the IFG Group), to provide information about other products which may be of interest to you. Yes No Yes No Yes No App 1: Mail Phone You may object free of charge at any time to the processing of the Data for direct marketing purposes by means of a request in writing to Mortgage Broker Solutions at Booterstown Hall, Booterstown, Co. Dublin. Please inform us of any changes to your Data by contacting your mortgage advisor or Mortgage Broker Solutions at the above address. You have the right of access to the Data by means of a written request to your mortgage advisor or Mortgage Broker Solutions at the above address and on payment of a nominal fee. You also have the right to require your mortgage advisor and/or Mortgage Broker Solutions to correct any inaccuracies in the Data. Telephone calls may be recorded for security and training purposes and monitored as part of our quality control procedures. Please be advised that your mortgage broker will be in receipt of commission for processing this mortgage application. This will in no way affect the price of the product or service that you receive. Your mortgage broker may also charge you an arrangement fee for processing this application and you will be asked to sign an agreement for this fee should it be charged. App 1: Mail Phone CONSUMER CREDIT ACT The Consumer Credit Act 1995, was enacted to protect and inform the consumer on a number of issues, one of which was mortgages. The following information section must be read by all applicants completing this application form not only as a requirement of the Consumer Credit Act but also as an integral part of our Customer Care commitment to you. MORTGAGE RELATED FEES As your mortgage application form will be used to analyse the lender who is best suited to your needs, we also supply you with detailed information as to the individual costs incurred by each lender. As these costs may change from time to time the information is given to you on a separate information sheet which while separate does constitute part of the application form. All fees may be paid in advance of the completion of the loan if you so wish. Your Solicitor will also provide you with a figure for the costs which will arise in respect of stamp duty and other fees. These costs will vary depending for example, on the amount of the mortgage loan and whether the land is registered or unregistered. PROPERTY VALUATION Valuations are carried out for the sole purpose of establishing the market value of the property and its suitability as security for the loan. It is for use by the lending institution only, and is not a structural survey of the property, nor does it assure or guarantee that the house is free from any structural defect. All lending institutions recommended that you arrange for an independent structural survey to be carried out. In the event that you have paid the lending institution the valuation fee and your loan application is not accepted, the valuation fee paid by you will be refunded by the lending institution. The valuation report will indicate the reinstatement value of the property and this will be the figure used by the lending institutions as the minimum amount of cover allowable for property insurance purposes for issue of the loan cheque. INSURANCES Mortgage Protection Insurance is needed to repay the mortgage in the event of death except under the provisions as stated in Part IX, S.126 of the Consumer Credit Act Insurance of the mortgaged property is also required, this must be issued in the name(s) of the borrower(s) with the lender s interest noted for an amount not less than the reinstatement value specified in the valuation report. You are free to arrange such insurances with any Insurance Company or Intermediary of your choice. INDEMNITY BONDS An Indemnity Bond may be required if the mortgage value is greater than a set percentage of the house value. This percentage varies depending on the lender chosen. Please consult the mortgage information sheet to identify if a bond is required, and if so at what percentage. Mortgage Undertakings MBS holds an appointment in writing with following lenders; Allied Irish Finance Bank of Scotland (Ireland) Limited EBS First Active plc GE Capital Woodchester ICS Building Society IIB Homeloans Irish Nationwide Building Society Permanent tsb Ulster Bank CUSTOMER CARE You as a valued customer are entitled to best advice. To help us to help you with your financial planning for the future the information provided to us by you, will enable us to analyse your needs and make the recommendations best suited to your requirements. Please do not hesitate to ask questions at any time if the information given is unclear to you, or, if there is any particular area you are unsure of. All of the detailed information provided by you is dealt with in the strictest confidence. If you require a commercial mortgage, your mortgage advisor will be more than happy to supply you with all of the necessary information. All loans provided by the lenders are subject to satisfactory appraisal of status and financial standing, and require security over the property and suitable protection/savings policies on your life. WARNING YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER LOAN SECURED ON IT. VARIABLE RATE MORTGAGE: THE PAYMENT RATES ON A HOUSING LOAN MAY BE ADJUSTED BY THE LENDER FROM TIME TO TIME. ENDOWMENT MORTGAGE: THERE IS NO GUARANTEE THAT THE PROCEEDS OF THE INSURANCE POLICY WILL BE SUFFICIENT TO REPAY THE LOAN IN FULL WHEN IT BECOMES DUE FOR REPAYMENT. EARLY SURRENDER: IN THE EVENT OF EARLY SURRENDER OF THE LIFE INSURANCE POLICY IN RESPECT OF AN ENDOWMENT MORTGAGE, THE POSSIBILITY EXISTS THAT THE SURRENDER PROCEEDS COULD BE LESS THAN YOU HAVE PAID IN PREMIA AND OTHER CHARGES. 9

14 N. CUSTOMER CARE You as a valued customer are entitled to best advice. To help us to help you with your financial planning for the future the information provided to us by you, will enable us to analyse your needs and make the recommendations best suited to your requirements. Because of this commitment to you, part of this application includes a Customer Care questionnaire. Please do not hesitate to ask questions at any time if the information given to you is unclear to you, or, if there is any particular area you are unsure of. All of the detailed information provided is dealt with in strictest confidence. The application which you are about to complete is unsuitable for Commercial mortgages, if you require this type of mortgage, your mortgage advisor will be more than happy to supply you with all of the necessary information. All loans provided by the lenders are subject to satisfactory appraisal of status and financial standing and require security over the property and suitable protection/savings policies on your life. CONSUMER CREDIT ACT The Consumer Credit Act 1995, was enacted to protect and inform the consumer on a number of issues, one of which was mortgages. The following information section must be read by all applicants completing this application form not only as a requirement of the Consumer Credit Act but also as an integral part of our Customer Care commitment to you. MORTGAGE RELATED FEES As your mortgage application form will be used to analyse the lender who is best suited to your needs, we also supply you with detailed information as to the individual costs incurred by each lender. As these costs may change from time to time the information is given to you on a separate information sheet which while separate does constitute part of the application form. All fees may be paid in advance of the completion of the loan if you so wish. Your solicitor will also provide you with a figure for the costs which will arise in respect of Stamp duty and other fees. These costs will vary depending for example, on the amount of the mortgage loan and whether the land is registered or unregistered. PROPERTY VALUATION Valuations are carried out for the sole purpose of establishing the market value of the property and its suitability as security for the loan. It is for use by the lending institution only, and is not a structural survey of the property, nor does it assure or guarantee that the house is free from any structural defect. All lending institutions recommended that you arrange for an independent structural survey to be carried out. In the event that you have paid the lending institution the valuation fee and your loan application is not accepted the valuation fee paid by you will be refunded by the lending institution. The valuation report will indicate the reinstatement value of the property and this will be the figure used by the lending institutions as the minimum amount of cover allowable for property insurance purposes for issue of the loan cheque. INSURANCES Mortgage Protection Insurance is needed to repay the mortgage in the event of death except under the provisions as stated in Part IX, S.126 of the Consumer Credit Act Insurance of the mortgaged property is also required, this must be issued in the name(s) of the borrower(s) with the lender s interest noted for an amount not less than the reinstatement value specified in the valuation report. You are free to arrange such insurances with any Insurance Company or Intermediary of your choice. INDEMNITY BONDS An Indemnity Bond may be required if the mortgage value is greater than a set percentage of the house value. This percentage varies depending on the lender chosen. Please consult the mortgage information sheet to identify if a bond is required, and if so at what percentage. DATA PROTECTION ACT Please note that the information provided by you in this application, together with any additional information, will be stored on computer and may be used to provide you with information about other products either by ourselves or by a third party. If you wish the information to be utilised for this purpose, please tick the box opposite. Telephone calls may be recorded for security purposes and monitored as part of our quality control procedures. Please be advised that your mortgage broker will be in receipt of commission for processing this mortgage application. This will in no way affect the price of the product or service that you receive. Your mortgage broker may also charge you an arrangement fee for processing this applciation and you will be asked to sign an agreement for this fee should it be charged. WARNING YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE OR ANY OTHER LOAN SECURED ON IT. VARIABLE RATE MORTGAGE - THE PAYMENT RATES ON THIS HOUSING LOAN MAY BE ADJUSTED BY THE LENDER FROM TIME TO TIME. ENDOWMENT MORTGAGE - THERE IS NO GUARANTEE THAT THE PROCEEDS OF THE INSURANCE POLICY WILL BE SUFFICIENT TO REPAY THE LOAN IN FULL WHEN IT BECOMES DUE FOR REPAYMENT. EARLY SURRENDER - IN THE EVENT OF EARLY SURRENDER OF THE LIFE INSURANCE POLICY IN RESPECT OF AN ENDOWMENT MORTGAGE, THE POSSIBILITY EXISTS THAT THE SURRENDER PROCEEDS COULD BE LESS THAN YOU HAVE PAID IN PREMIA AND OTHER CHARGES. O. YOUR CONSENT - MORTGAGE ADVISOR UNDER THE CONSUMER CREDIT ACT 1995, YOUR CONSENT IS REQUIRED FOR THE FOLLOWING: I/We hereby consent and agree that member of my/our family personally or by phone as follows: its servants or agents may contact me/us and any At Home Yes No Yes No At Work Yes No Yes No Leave message at home Yes No Yes No Contact employer Yes No Yes No I/We understand that my/our acceptance of any Letter of Approval will constitute a separate consent in compliance with Section 46 of the Consumer Credit Act

15 P. DIRECT DEBIT INSTRUCTION I/We authorise you, until further notice in writing, to charge to my/our account with you, on the of each month, unspecified amounts at the instance of the Originator by DIrect Debit The Manager Full address of your Bank branch Your bank may decline to accept instructions to charge Direct Debits to certain types of Account other than current accounts. FOR BANK USE ONLY Reference Number Bank Title Reference Number To Sorting Code Account Number Bank Sorting Code Account Number Account Name For Signature(s) Date Manager Date

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17 AIB Mortgage Bank (the Bank) Mortgage Application Form Part 2 Personal Details First Applicant: Second Applicant: Statutory Notices and other Notices Warning: The cost of your monthly repayments may increase - If you do not keep up your repayments you may lose your home. Warning: You may have to pay charges if you pay off a fixed rate loan early. Where Interest Only Option is availed of: Warning: The entire amount that you have borrowed will still be outstanding at the end of the interest-only period. WARNING YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE OR ANY OTHER LOAN SECURED ON IT. THE PAYMENT RATES ON THIS HOUSING LOAN MAY BE ADJUSTED BY THE LENDER FROM TIME TO TIME. Note: The above notice in respect of adjustments to repayment rates will not apply during any period when the loan is at a fixed rate. Note: If the Special Conditions specify a guarantee as part of the security for the Mortgage Loan, the Bank must notify the terms of the Mortgage Loan, and any changes to those terms, to the guarantor. If you or your dependants intend to use the property as a principal place of residence, you must show evidence of mortgage protection insurance, unless you are exempt under the Consumer Credit Act 1995 (you can seek this insurance through us or from other sources). Maximum loan to value of Owner Occupier Residential Properties 92% of purchase price or valuation whichever is lower. For Buy-To-Let/Investment Properties 75% of purchase price or valuation whichever is lower. Lending levels are subject to monthly repayment burden, typically not exceeding c. 35% of borrowers disposable income and will vary according to individual circumstances. Loan requests considered on the basis of proof of income, financial status and demonstrated repayment capacity (including capacity to repay at higher interest rates). Loans not available to people under 18. Mortgage loans require to be secured by a mortgage and charge on the subject property. A typical 100, year Variable interest rate mortgage for an Owner Occupier Residential Property with LTV greater than 80% will have monthly repayments of APR 3.54%. If the APR does not vary during the term of the mortgage, the total cost of credit i.e. total amount repayable less the amount of the mortgage, would be 38, The effect of a 1% increase in interest rates for such a mortgage will add to monthly repayments. A typical 100, year Standard Variable interest rate mortgage for a Buy-To-Let/Investment Property will have monthly repayments of APR 4.27%. If the APR does not vary during the term of the mortgage, the total cost of credit i.e. total amount repayable less the amount of the mortgage, would be 47, The effect of a 1% increase in interest rates for such a mortgage will add to monthly repayments. Surcharge Interest Arrears attract surcharge interest at 6% per annum in addition to the interest rate that applies to the loan. Surcharge can be avoided by making all repayments when due. Execution and registration of the mortgage deed will involve payment by you of your solicitor s fees, outlays and registration fees. The amount of solicitor s fees can be determined by negotiation with your solicitor, who will also inform you of the amount of the outlays and registration fees. We will charge you 60 for executing a discharge, release or vacate of a mortgage. The following is applicable only where the interest rate is FIXED for a period of at least one year: During any period when a fixed interest rate applies, the Lender may agree: (i) to allow full or partial out of course repayment ( prepayments ), or (ii) to convert the facility to a variable interest rate or to an alternative fixed interest rate ( conversions ) Prepayments, conversions and early repayment following demand by the Lender will be subject to the payment by you of an early breakage cost calculated using the following formula: Early breakage cost = A x U x D%, where A is the amount of the prepayment or early repayment following demand by the Lender, or the amount of the conversion, and U is the unexpired term of the fixed interest rate period, and D is the difference between the fixed interest rate applying to the facility and the fixed interest rate which would then apply to the facility for the amount of A for the term of U. E.G.: 7% for 60 months, full repayment after 36 months, current prevailing rate for 24 months = 5% early breakage cost 4,000 (100K X 24/12 X 2%=4,000) Rates and repayments correct as at 11/08/2010. Lending criteria, terms and conditions apply. Allied Irish Banks, p.l.c. is an authorised agent and servicer of AIB Mortgage Bank in relation to origination and servicing of mortgage loans and mortgages. AIB Mortgage Bank and Allied Irish Banks, p.l.c. are regulated by the Central Bank of Ireland. Allied Irish Banks, p.l.c. and AIB Mortgage Bank subscribe to the Voluntary Code of Conduct on pre-contractual information for home loans. A copy of the Code is available on request. Endowment Mortgage Loans Warning: THERE IS NO GUARANTEE THAT THE PROCEEDS OF THE INSURANCE POLICY WILL BE SUFFICIENT TO REPAY THE LOAN IN FULL WHEN IT BECOMES DUE FOR REPAYMENT. In the event of early surrender of the life insurance policy in respect of an endowment loan, the possibility exists that the surrender proceeds could be less than has been paid in premium. Consent to Communicate I/We consent to members of AIB Group and their respective authorised agents visiting or telephoning me/us at my/our place of work at any time for the purpose of this application and for the duration of the loan. If you do not wish this condition to apply, please indicate by crossing out this paragraph and initialling. TRANSFER OF MORTGAGES i.e. SECURITISATION Your attention is drawn to the possibility that the Bank, in common with many other mortgage lenders worldwide, may decide to securitise some of its mortgages. Financial Institutions are limited in the amount they can lend by the level of their capital and, in order to release capital to capitalise future lendings, including mortgage lending, mortgages may be transferred to investors. This practice is known as securitisation. Relevant investors include the world's major financial institutions. In practice, you should not be aware of any effect from securitisation because the Bank will continue to deal in all matters relating to your mortgage, including the setting of interest rates and the handling of arrears, subject to the powers and discretion of the transferee under such a scheme. If your application is approved, you will have the benefit of your solicitor's advice on the matter, before committing yourself to the mortgage.

18 Information about your Mortgage Distance Contract European Communities (Distance Marketing of Consumer Financial Services) Regulations Note: This information document applies to you if you have dealt with us or your Mortgage Broker at a distance e.g. by phone, internet, or post. In other words, where there is no face to face contact between you and AIB Mortgage Bank, or the Mortgage Broker/ Intermediary who applied for the loan on your behalf. About Us We are AIB Mortgage Bank whose principal business is the provision of mortgage credit. Our registered office is at Bankcentre, Ballsbridge, Dublin 4. We are registered at the Companies Registration Office, Dublin. Our registered number is Our VAT number is IE A. We are regulated by the Central Bank of Ireland. The Mortgage Broker who applied for the Mortgage Loan on your behalf is a registered Mortgage Intermediary who holds a Letter of Appointment from us. About our Home Mortgages The Mortgage Loan is a loan repayable to us by instalments over an agreed term at fixed or variable interest rates, secured by a mortgage / charge on your property. Typically the instalments are paid by direct debit. The total price of the Mortgage Loan is made up on interest at our published Mortgage Loan rate(s) appropriate to the mortgage loan. If you want an indication of what your repayment instalment would be, telephone , or visit our website The exact amount will be shown on your Letter of Offer if you proceed. You may also have to pay other expenses such as stamp duty, registration fees, valuation fee and your solicitor s fees in relation to the mortgage as well as mortgage protection insurance and home insurance. Under the Regulations you do not have the right to cancel a Mortgage Loan. You can however repay a Mortgage Loan at any time by paying what you owe us including interest. Breakage costs may apply to a fixed rate mortgage loan. If you break the terms of the agreement we can demand repayment of what you owe us including interest. The agreement will be governed by the laws of Ireland and the Courts of Ireland will have exclusive jurisdiction to resolve any disputes. The agreement and all information and communication with you will be in English. What to do if you have a complaint We want to ensure that any concerns you may have are dealt with quickly and efficiently. If you do have a complaint please write to the Service Delivery Manager, Allied Irish Banks, p.l.c., Home Mortgages, Bankcentre, Ballsbridge, Dublin 4 or us at homemortgages@aib.ie or write to our Customer Support Centre at Bankcentre, Ballsbridge, Dublin 4. If you are not satisfied with our response you are entitled to take your complaint to the Financial Services Ombudsman s Bureau at 3rd Floor Lincoln House, Lincoln Place, Dublin 2. Statutory Warnings Consumer Credit Act, 1995 WARNING: YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE OR ANY OTHER LOAN SECURED ON IT. WARNING: (Variable rate loans) THE PAYMENT RATES ON THIS HOUSING LOAN MAY BE ADJUSTED BY THE LENDER FROM TIME TO TIME. The above notice in respect of adjustments to repayment rates will not apply during any period when the loan is at a fixed rate. WARNING: (Endowment loans) THERE IS NO GUARANTEE THAT THE PROCEEDS OF THE INSURANCE POLICY WILL BE SUFFICIENT TO REPAY THE LOAN IN FULL WHEN IT BECOMES DUE FOR REPAYMENT. In the event of early surrender of the life insurance policy in respect of an endowment loan, the possibility exists that the surrender proceeds could be less than has been paid in premium. Surcharge Interest Arrears attract surcharge interest at 6% per annum in addition to the interest rate that applies to the loan. Surcharge can be avoided by making all repayments when due. Data Protection Notice - Use of Information This Notice explains what AIB and AIB Group will do with your information so that you can decide whether or not to provide that information to us. AIB refers to Allied Irish Banks, p.l.c. and AIB Group refers to Allied Irish Banks, p.l.c., its Irish subsidiaries, affiliates and their respective parent and subsidiary companies. The information that you provide will be held by AIB Group on a computer database and/or in any other way. We will use this information; To administer the products and services that we supply to you and any future agreements that we may have with you, and to manage and develop AIB Group's relationship with you. For direct marketing purposes, where you have given your permission to do so, to advise you of products or services of AIB Group. If you wish to change your preferences at any time, please write to us to let us know at your local AIB branch or the Data Protection Unit, Allied Irish Banks, p.l.c. Bankcentre, Ballsbridge, Dublin 4. To carry out searches (including verifying your identity and/or a credit search) and disclose information to credit reference agencies for the purpose of assisting applications for credit and credit related services and for ongoing credit review. We may use credit scoring techniques and other automated decision making systems to assess your application. If you borrow or enter into a financial obligation, or may do so, we may give details of your agreement(s) /account(s) and how you conduct your agreement(s)/account(s), to licensed credit reference agencies on a regular basis. Licensed credit reference agencies will record details of each type of search AIB Group makes whether or not your application proceeds. To prevent and detect fraud. Customer information can be used to prevent crime and trace those responsible. We may check your details with fraud prevention agencies. If you give us false or misleading information and we suspect fraud, we will record this. To carry out statistical analysis and market research; in this connection, we may use the services of a reputable external agency. We may record telephone conversations to offer you additional security, resolve complaints and improve our service standards. Conversations may also be monitored for staff training purposes. Our websites use cookie technology. A cookie is a little piece of text stored by your browser on your computer, at the request of our server. We may use cookies to deliver content specific to your interests and to save your personal preferences so you don t have to re-enter them each time you connect to the Internet. Under the Data Protection Acts you have the right of access to information we hold about you on our records on payment of a nominal fee (currently 6.35). You can exercise this right by writing to your local AIB branch or to the Data Protection Unit, Allied Irish Banks, p.l.c., Bankcentre, Ballsbridge, Dublin 4. If anything is inaccurate or incorrect, please let us know and we will correct it. There is no fee for this. If you decide to proceed with this application or have any other communication with AIB Group through or in relation to its products and services you consent to the use by AIB Group of your personal data as indicated above. Declarations I/We agree that this application may form the basis of a proposal by the Bank to an insurance company for mortgage indemnity insurance purposes, and the information contained may be disclosed to any prospective insurer for such purpose. I/ We hereby request (in the event of the application being approved) the Bank to send any letter of offer and mortgage documentation or, if a solicitor has not yet been instructed, to my/ our solicitor as notified by me/ us to the Bank. I/We hereby authorise AIB Group to procure credit references from a credit reference agency or agencies and to make such enquiries as any member of AIB Group may deem necessary in connection with this application. I/We hereby confirm that the information which I/we have provided above is true and correct. I/We hereby confirm that the authorisation contained herein to disclose information constitutes a consent for the purposes of the Data Protection Acts, 1988 and Signature of First applicant Date Signature of Joint applicant (if any) Date For Bank use only Introduced by AIB/HP15B (02/11)

19 14. Declaration, Authorisation and Consents Name of first Applicant Name of second applicant Loan Amount Application Number Please read carefully before signing this form. In this consent: The Society means the ICS Building Society. contracted agents means entities which have contracted with the Society to assist it in the conduct of its business or in providing services to me. I, me, my is a reference to each of us where more than one of us have signed this form. personal details means information concerning me which the Society has including information given by me or others verbally or in writing, information contained in application forms and records of my transactions with the Bank of Ireland Group. Consent under Consumer Credit Act 1995 (Optional) I hereby consent to ICS Building Society and its Agents being able to contact me at my place of work (this is optional you do not have to give this consent). First Applicant Second Applicant Consent to Direct Marketing (Optional) The Data supplied by you to ICS Building Society will be used to provide you with information about other products and services ICS Building Society has arranged for you with a third party, by post, telephone, , fax or other lawful means. You can, at any time, ask the Society to stop or change the methods by which the Society may send you marketing materials. Please tick the box if you do not want to receive this information Declarations, Authorisations and Consents 1. I apply to the Society for a mortgage loan and declare that the information and Data given and documentation furnished by me is true and correct, to the best of my knowledge, information and belief. 2. I declare that I have never been insolvent and have never made arrangements with creditors and have never been involved in any court proceedings for debt. 3. I authorise the Society to make all reasonable enquiries of my accountant, solicitor, mortgage lender, broker and/or any other person, in connection with and arising from my application and any aspect thereof. 4 I hereby consent for the purposes of the Consumer Credit Act 1995 to the Society being able to contact my employer for income verification purposes. 5. I authorise the Society to appoint an agent to act on its behalf in processing and administering this application and/or any mortgage loans that may be granted to me. 6. By signing this form I consent to the Society and its contracted agents storing, using and processing my personal details:- (a) to manage and administer my accounts, policies or other financial products; (b) to process my applications for credit or financial services; (c) to carry out business and market research and compile statistics; (d) to help detect fraud and dishonesty; (e) to enable business units in the Society share or access my personal details for the purposes set out in this consent (but not for the purposes of direct marketing where I have indicated to the Society I do not want it); (f) to contact me by post, telephone, text message, electronic mail, facsimile or other means but not in a way contrary to my instructions to the Society or contrary to law or regulation; (g) (where I apply for or avail of a credit facility) to carry out credit reviews including automated credit decision processes and to obtain details of my credit history from the Irish Credit Bureau ( ICB ) or other credit rating agency; (h) (where I have not indicated otherwise to the Society) to directly market the products and services of the Society or of suppliers selected by the Society using a form of communication permitted by me under paragraph (g) above; and (i) to establish my identity, residence and tax status in order to comply with law and regulation concerning taxation and the prevention of money laundering or terrorist financing. I consent to the Society disclosing my personal details:- 1) (where I apply for or avail of a credit facility) to the ICB or other credit rating agency and I also consent to the ICB or other credit rating agency disclosing details of my credit history (and using those details for credit scoring purposes) to the Society or other institutions to which I apply for credit facilities; 2) to facilitate a potential or actual transfer of any loan or product provided to me or in connection with a securitisation; 3) to its contracted agents and to recipients abroad but only for purposes indicated in this consent and only where the Society complies with Irish data protection law in doing so. This consent does not limit any other consent I have given (or may give) to the Society to process or disclose my personal details. 7. I hereby declare and confirm that each and every one of the foregoing authorisations and consents contained herein to disclose personal data and all or any other information to any third party constitutes a consent for the purposes of the Data Protection Acts, 1988 and 2003 and any amending or extending legislation or any European Union regulation or directive. 8. I declare that where the security for this mortgage loan application is a holiday home, it is for my personal use and no rental income will be derived from it. 9. I declare and agree that I will pay any reasonable costs and expenses incurred by the Society in dealing with this application, whether or not a loan is received by me. 10. I declare that I have read and understand the Consumer Credit Act Notices, which are set out on the following page. First Applicant Second Applicant Date Date ICS Building Society is a member of Bank of Ireland Group. Bank of Ireland and ICS Building Society are regulated by the Central Bank of Ireland. ICSBR-01/01/12

20 15. Consumer Credit Act and Consumer Protection Code Notices Endowment Loans If you choose an endowment loan, and the insurer does not guarantee that the proceeds of the policy will be enough to repay the loan when due, please note: WARNING: THERE IS NO GUARANTEE THAT THE PROCEEDS OF THE INSURANCE POLICY WILL BE SUFFICIENT TO REPAY THE LOAN IN FULL WHEN IT BECOMES DUE FOR REPAYMENT. You should also note that in the case of endowment loans, early surrender of the policy may mean that you get back less than you paid in premia and other charges. Early Repayment If you repay your mortgage loan early when you are on a variable rate of interest, we charge no redemption fee. If you repay your mortgage loan when you are on a fixed rate of interest, it is likely we will suffer a funding loss. If we suffer such a loss you must pay us compensation when we ask you to pay it. Such compensation will be equal to C where: C = A x (R%-R1%) x D and 365 A = the amount repaid early (or the amount which is changed from the fixed rate to a new rate) averaged from the date of early repayment (or rate change) to the end of the fixed rate period to allow for scheduled repayments (if there are any) and interest charges. R% = the annual percentage interest rate which was the cost to us of funding an amount equal to A for the originally intended fixed rate period. R1% = the annual percentage interest rate available to us for a deposit of an amount equal to A for a period equal to D. D = the number of days from the date of early repayment (or rate change) to the end of the fixed period. Here is a worked example: Amount = 250,000 R = 5 % R1 = 3% D = 2 years or 730 days C = 250,000 x (5%-3%) x So, C = 250,000 x 2% x C= 10,000 Arrears If you do not pay us a repayment installment or other sum of money by the date you were due to pay it, we may charge you a default interest rate of 0.5% per month or part of a month (which is 6% per annum) on the unpaid sum. This default interest is added to normal interest. We do not charge borrowers default interest when they are both(a) in a Mortgage Arrears Resolution Process under the Central Bank s Code of Conduct on Mortgage Arrears: and (b) are cooperating reasonable and honestly with us. Fees and Costs The Society requires that a valuation be carried out by a valuer acceptable to the Society (see below) and that the appropriate fee be paid by you directly to the valuer. The amount of the fee will be determined by reference to the value of the property, and if any loan agreement is withdrawn the payment may be refunded. Legal fees (excluding costs associated with the Society s legal investigation of title for the purpose of the mortgage) are payable by the borrower to his or her solicitor. The amount will depend upon the arrangements made between these parties. A fee will also apply for certain non-standard services as follows: Duplicate Statement, Duplicate Interest Certificate, Unpaid Direct Debit. The following additional costs will be payable by the borrower for buy-to-let properties and principle dwelling housing whereby loan amount is 1.5 million or over : 1. The borrower must reimburse the Society for the legal costs incurred by the Lender in effecting the Lender s Security and related tasks (excluding costs associated with the Society s legal investigation of title for the purpose of the mortgage); 2. The outlay and fees payable to state agencies for the registration of the Lender s Security, which must be remitted to the borrower s solicitor. The Lender s legal costs to be reimbursed by the Borrower are the following: a) The Lender s solicitor s professional fee of 950 plus Value Added Tax per property b) Outlay and fees payable to state agencies for the registration of the Lender s Security which shall not exceed 300 per property. The Lender s legal costs, once paid by the Borrower, are not refundable. Typically, these must be paid at closing of the transaction. Valuation The Society requires that a valuation be carried out on the property(ies) offered as security. This valuation must be completed by a valuer acceptable to the Society and any such valuation or report remains the property of the Society. No responsibility whatsoever is implied or accepted or warranty given by the Society for the value or condition of the property by reason of such valuation. You are strongly recommended to arrange an independent valuation and structural survey of the property(ies). You are responsible for payment of the valuation fee. If the loan is refused the valuation fee may be refunded to you. Please note that a valuation report should only be arranged after you have received a Letter of Offer. You are entitled to your own copy of the valuation report. Regulatory ICS Building Society is a member of the Bank of Ireland Group. Bank of Ireland and ICS Building Society are regulated by the Central Bank of Ireland. WARNING: YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE OR ANY OTHER LOAN SECURED ON IT. WARNING: IF YOU DO NOT MEET THE REPAYMENTS ON YOUR CREDIT AGREEMENT, YOUR ACCOUNT WILL GO INTO ARREARS. THIS MAY AFFECT YOUR CREDIT RATING, WHICH MAY LIMIT YOUR ABILITY TO ACCESS CREDIT IN THE FUTURE. WARNING:THE PAYMENT RATES ON A VARIABLE RATE HOUSING LOAN MAY BE ADJUSTED BY THE LENDER FROM TIME TO TIME WARNING: THE ENTIRE AMOUNT THAT YOU HAVE BORROWED WILL STILL BE OUTSTANDING AT THE END OF AN INTEREST-ONLY PERIOD WARNING:YOU MAY HAVE TO PAY CHARGES IF YOU PAY OFF A FIXED-RATE LOAN EARLY. WARNING:THIS NEW LOAN MAY TAKE LONGER TO PAY OFF THAN YOUR PREVIOUS LOANS. THIS MEANS YOU PAY MORE THAN IF YOU PAID OVER A SHORTER TERM. ICSBR-01/01/12