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Mortgage Illustration

This document was produced for

Mrs Melissa Buxton
Mr Matthew Buxton
on 28th February 2024.

This document was produced on the basis of the information that you have provided so far and
on the current financial market conditions.

The information below remains valid until 28th February 2024. After that date, it may change in
line with market conditions.

Illustration number: 01
Roll number: 10/53749994- 3

1. Lender

Halifax
Telephone Number 0345 601 6733
PO Box 548
Leeds
LS1 1WU

We are 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.

2. Main features of the loan

Amount and currency of the loan to be granted: £304,257.

Duration of the loan: 19 years 7 months.

This is a repayment mortgage made up of 3 parts summarised in the table below.

Amount of Repayment
Product Product description Term
each part method

FEE052 £22,613 An initial fixed rate until 30/04/2026 5 years Repayment

followed by a lender variable rate.
FBC874 £230,243 An initial fixed rate until 31/01/2025 19 years Repayment
followed by a lender variable rate. 7 months
FEE052 £51,401 An initial fixed rate until 30/04/2026 19 years Repayment
followed by a lender variable rate. 7 months
Total £304,257
Loan

Halifax is a division of Bank of Scotland plc. Registered in Scotland No. SC327000.

Registered Office: The Mound, Edinburgh EH1 1YZ.
Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the
Prudential Regulation Authority. Financial Services Register number 169628.
Telephone calls may be monitored or recorded.
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2. Main features of the loan (continued)

Halifax can change a lender variable rate at any time, after giving you notice that they are going
to do so. A lender variable rate will only ever be increased for a valid reason, for example when
there is a change to cost of lending. Full details on what a lender variable rate is and when it can
be changed can be found in the 'Mortgage Conditions' booklet which is issued with the offer
letter.

Total amount to be repaid: £588,333.72

This means that you will pay back £1.93 for every £1 borrowed.

These figures are only an illustration and would vary following interest rate changes and
if you do not keep the mortgage for the selected term.

Value of the property assumed to prepare this information sheet: £599,785

This loan will be secured against:

Les Cedres
Main Street
Peatling Parva
Lutterworth
LE17 5PU

If you (or any one of you) have another mortgage with Halifax any security for that mortgage may
also cover this mortgage loan. The terms and conditions for the other mortgage will state
whether this applies.

3. Interest rate and other costs

The annual percentage rate of charge (APRC) is the total cost of the loan expressed as an
annual percentage. The APRC is provided to help you to compare different offers.

The APRC applicable to your loan is 8.1%.

This assumes the interest rates are as follows for the full term of the mortgage.

It comprises:
Product Interest rates
FEE052 4.83% fixed. After 30/04/2026, the rate that will apply is Halifax
Homeowner Variable Rate, currently 8.74% until the end of the term.
FBC874 2.49% fixed. After 31/01/2025, the rate that will apply is Halifax
Homeowner Variable Rate, currently 8.74% until the end of the term.

Costs to be paid on a one-off basis

• None

Costs to be paid regularly

• None

This APRC is calculated using assumptions regarding the interest rate.

Because your loan is a variable interest rate loan, the actual APRC could be
different from this APRC if the interest rate for your loan changes. For example, if
the interest rate rose to 9.74%, the APRC could increase to 10.10%.
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3. Interest rate and other costs (continued)

The following costs are not known to the lender and are therefore not included in the APRC:

• You will need to pay for buildings insurance.

Please make sure that you are aware of all other taxes and costs associated with your loan.

4. Frequency and number of payments

Repayment frequency: Monthly

Number of payments: 235

5. Amount of each instalment

£1,996.96 until 31st January 2025

£2,757.33 until 30th April 2026
£2,885.19 until 28th February 2029
£2,439.49 until 30th September 2043

Your payment amount may change each year to keep your mortgage on track - even if any part
of your account is on a fixed interest rate.

Your income may change. Please consider whether you will still be able to afford your
monthly repayment instalments if your income falls.

The interest rate on this loan can change. This means the amount of your instalments
could increase or decrease. For example, if the interest rate rose to 9.74% your payments
could increase to £3,140.28. The increased amount is made up of the following parts set
out in the 'Main features of the loan' section;

FEE052 could increase to £473.73,

FBC874 could increase to £2,179.90,

FEE052 could increase to £486.65.

6. Additional obligations

The borrower must comply with the following obligations in order to benefit from the lending
conditions described in this document.

You must make sure there is suitable buildings insurance in place as long as you have this
mortgage. However, you are not obliged to buy this insurance from Halifax.
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7. Early repayment

You have the right to repay this loan early, either fully or partially.

Early repayment charge:

Product Basis of charge

FEE052 2.00% of the amount repaid on or before 30/04/2025
1.00% of the amount repaid on or before 30/04/2026
FBC874 1.50% of the amount repaid on or before 31/01/2025

The maximum early repayment charge you will pay is £4,933.92. Should you decide to repay
this loan early, please contact us to ascertain the exact level of the early repayment charge at
that moment.

8. Flexible features

You do not have the right to transfer this loan to another property.

Additional features:

Taking your product rate to a new mortgage

In the future, you can apply for a new loan on another property. If Halifax agrees to the new loan
you can take the amount remaining on the following product(s) and any early repayment charge
with you for the remainder of the product rate period(s). New loan applications are assessed in
line with the lending policy at that time which may, for example, affect the repayment method,
loan amount or term. The new loan will be subject to the terms and conditions in force when you
make your application.

FEE052

FBC874

Once you are paying interest at the lender variable rate, this rate cannot be taken to a new loan.
If your application is made during an early repayment charge period, and the new loan is for a
smaller amount than you owe, you may have to pay part of the charge. If the new loan is for a
greater amount than you owe, you will need a new product for the extra amount you borrow.

Underpayments

You may miss or reduce your monthly payments provided that you have previously made extra
payments (overpayments). The total amount of underpayment(s) must not be more than the
previous overpayments. Whenever your monthly mortgage payments are recalculated, any
overpayments you have made are used to reduce what you owe; once this has been done, you
will need to start building up new overpayments before you will be able to underpay again.

You need to contact Halifax to arrange to underpay. This is so you can be told the amount of
overpayments available for you to use.

Overpayments

You are able to make overpayments to this mortgage at any time subject to any early repayment
charges detailed in the Early repayment section above.

Sometimes you may be offered the opportunity to make lump sum or regular overpayments
without having to pay an early repayment charge. Details of any current offers, which can
change from time to time, can be found in the 'Information about your mortgage' booklet issued
with mortgage offers.
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8. Flexible features (continued)

Payment holidays

Payment holidays may be available but are subject to rules that may be changed from time to
time. If you apply, checks that you meet the rules in force at the time will be made. Payment
holidays are not guaranteed. The current rules can be found in the 'Information about your
mortgage' booklet which is issued with mortgage offers but you should ask for details of the
latest rules when you make your request.

9. Other rights of the borrower

You will not have the right to withdraw from this mortgage once it has started.

10. Complaints

If you have a complaint please contact Halifax by telephone on 0345 727 3747 or write to
Customer Services, P O Box 761, Leeds, LS1 9JF.

You can find full details of our complaints processes by asking for details in any branch or by
going to: www.halifax.co.uk/complaints.

Maximum time for handling the complaint: 8 weeks

If we do not resolve the complaint to your satisfaction internally, you can also contact: the
Financial Ombudsman Service at www.financial-ombudsman.org.uk.

11. Non-compliance with the commitments linked to the loan: consequences for the
borrower

Things you have to do:

• Halifax lend you money on the basis that you pay what you should and repay everything
you owe when you should, and do the other things you agree to under the agreement.
• That includes using your property as your main residence (unless agreed otherwise) and
keeping it in good repair and getting permission before you do certain things, for example
letting your property, altering or adding to it or changing its use.
• Make sure your property is insured and (where you arrange the insurance yourself) pay
the property insurance premiums on time.

If you do not do what you should when you should you will be breaking the agreement. This
means Halifax may take legal or other action and you will have to pay the costs of that. You
could lose your property.

This is not an exhaustive list and you must read your Mortgage Conditions. If there is anything
you are unsure about you should seek independent legal advice.

Should you encounter difficulties in making your monthly payments, please contact Halifax
straight away to explore possible solutions.

As a last resort, your home may be repossessed if you do not keep up with payments.
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12. Additional information

Any agreement is governed by the laws and regulations of the country in which your property is
situated. The laws and regulations of that country will also be taken as the basis for the
establishment of relations with you before any agreement is entered into.

Halifax will give you a draft agreement if they make you a mortgage offer. The agreement for
your mortgage loan is made up of Mortgage Conditions, offer letter, mortgage deed and any
other agreement you make with Halifax to do with your mortgage loan.

13. Supervisor

This lender is supervised by the Financial Conduct Authority - www.fca.org.uk

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Supplementary Information
Roll number: 10/53749994- 3

This document should be read alongside your Mortgage Illustration Number 01.

The illustration is only valid on the day of issue and assumes a start date of 1st March 2024.
Until you have made a full application and accepted the illustration the availability of mortgage
product(s) could change. The mortgage must start on or before the 31st August 2024.

Mortgages in different parts

Different parts of your loan can have different interest rates, mortgage terms or repayment
methods.

As this loan is made up of more than one part, these parts are summarised below. This summary is
based on your regular monthly payment of £1,996.96 until 31st January 2025.

Product Initial Fixed or Amount of Term Repayment Monthly

Code Interest Variable each part Method Payment
Rate
Payable
FEE052 4.83% Fixed £22,613 5 years Repayment £423.27
FBC874 2.49% Fixed £230,243 19 years Repayment £1,236.40
7 months
FEE052 4.83% Fixed £51,401 19 years Repayment £337.29
7 months
Total £304,257 £1,996.96

Variable interest rates can change at any time. Halifax will always give you notice that they are
going to do so.

A lender variable rate will only ever be increased for a valid reason, for example when there is a
change to cost of lending. Full details on what a lender variable rate is and when it can be
changed can be found in the 'Mortgage Conditions' booklet which is issued with the offer letter.

Your illustration gives examples of how much more you could pay if rates increase. Mortgages
usually take many years to repay and it is not possible to predict how much they may change over
the life of your mortgage. The examples are based on the highest borrowing rate over the last 20
years. Interest rates could increase by more than this.

If you don't keep up your repayments

• Taking out this loan means you agree to pay your monthly payments on time and repay
everything you owe for each mortgage term by the time it ends. Failure to do so will
increase the cost of the loan.
• Your property may be repossessed if you do not keep up your mortgage payments.

Halifax is a division of Bank of Scotland plc. Registered in Scotland No. SC327000.

Registered Office: The Mound, Edinburgh EH1 1YZ.
Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the
Prudential Regulation Authority. Financial Services Register number 169628.
Telephone calls may be monitored or recorded.