Mortgage Application Guide 3 YEAR FIXED RATE MORTGAGE (RESIDENTIAL) Interest Rate (initial rate for the first 3 years)

RATES EFFECTIVE FROM 21 MARCH 2016

2.83%

2.93%

3.13%

3.43%

Final rate (3.39% + Bank of England base rate)

Final rate (3.49% + Bank of England base rate)

Final rate (3.69% + Bank of England base rate)

Final Rate (3.99% + Bank of England base rate)

3.8% APRC

3.9% APRC

4% APRC

4.4% APRC

Loan to value

Up to 60%

Over 60% & Up to 80%

Up to 75%

Up to 70%

Loan Amount

From £50,000 & Up to £500,000

From £50,000 & Up to £500,000

Over £500,000 & Up to £1,000,000

Over £1,000,000 & Up to £5,000,000

Arrangement Fee

£1295

£1295

£2495

0.5% of loan amount

Booking Fee

£299

£299

£299

£299

The overall cost for comparison is

Valuation Fee

Based on purchase price. Payable at the time of application.

Telegraphic Transfer Fee

£35 for wiring the loan amount to your nominated solicitor.

Deed Discharge Fee Early Repayment Charge Interest Calculation

£95 payable when your mortgage is redeemed fully. 1% of the original loan amount. Payable only if the loan is fully repaid in the first year. Fixed rate for the initial 3 years and variable rate after the initial 3 years / capital and interest repayment mortgage / interest calculated daily

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE 1. 2. 3. 4. 5. 6. 7.

Bank of China (UK) Limited mortgage interest rates are correct as of 21 March 2016. The Bank of England base rate is a variable interest rate which can go up or down throughout the term of the loan. Bank of England base rate is 0.50% as at 21 March 2016. All applications are subject to status, creditworthiness assessment, terms and conditions, and approval by Bank of China (UK) Limited. The regulated mortgage contract will be secured by a mortgage on residential immovable property in the UK mainland only (excludes Northern Ireland). APRC is variable. The actual rate available will depend upon your circumstances. Ask for a personalised illustration in branch. On or before completion of your mortgage, you are required to open a Bank of China (UK) Limited personal current account. For more information, please email [email protected] Bank of China (UK) Limited is registered in England. Registered Number: 6193060. Registered Address: 1 Lothbury, London EC2R 7DB

Mortgage Application Guide 3 YEAR FIXED RATE MORTGAGE ( BUY-TO-LET ) Interest Rate (initial rate for the first 3 years)

RATES EFFECTIVE FROM 21 MARCH 2016

3.53%

3.83%

3.93%

4.13%

Final rate (4.09% + Bank of England base rate)

Final rate (4.39% + Bank of England base rate)

Final rate (4.49% + Bank of England base rate)

Final rate (4.69% + Bank of England base rate)

4.6% APRC

4.9% APRC

4.9% APRC

5.1% APRC

Loan to value

Up to 60%

Over 60% & Up to 75%

Up to 70%

Up to 65%

Loan Amount

From £50,000 & Up to £500,000

From £50,000 & Up to £500,000

Over £500,000 & Up to £1,000,000

Over £1,000,000 & Up to £5,000,000

Arrangement Fee

£1895

£1895

£3195

0.5% of loan amount

Booking Fee

£399

£399

£399

£399

The overall cost for comparison is

Valuation Fee

Based on purchase price. Payable at the time of application.

Telegraphic Transfer Fee

£35 for wiring the loan amount to your nominated solicitor.

Deed Discharge Fee Early Repayment Charge Interest Calculation

£95 payable when your mortgage is redeemed fully. 1% of the original loan amount. Payable only if the loan is fully repaid in the first year. Fixed rate for the initial 3 years and variable rate after the initial 3 years / capital and interest repayment mortgage / interest calculated daily

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE 1. 2. 3. 4. 5. 6. 7.

Bank of China (UK) Limited mortgage interest rates are correct as of 21 March 2016. The Bank of England base rate is a variable interest rate which can go up or down throughout the term of the loan. Bank of England base rate is 0.50% as at 21 March 2016. All applications are subject to status, terms and conditions and approval by Bank of China (UK) Limited. The mortgage contract will be secured by a mortgage on immovable property in the UK mainland only (excludes Northern Ireland). APRC is variable. The actual rate available will depend upon your circumstances. Ask for a personalised illustration in the branch. On or before completion of your mortgage, you are required to open a Bank of China (UK) Limited personal current account. For more information, please email [email protected] Bank of China (UK) Limited is registered in England. Registered Number: 6193060. Registered Address: 1 Lothbury, London EC2R 7DB

Mortgage Application Guide

MORTGAGE APPLICATION DOCUMENT CHECKLIST 1. Application Forms

4. Credit Reference

Original completed and signed “Mortgage Application Form” Original completed and signed “Application Form For Personal Account” Original completed and signed “Faxed Instructions Authority” Note: Please ensure all signatures match ID provided to the Bank. 2. Proof of Identity Original or certified copy of valid passport, including photo ID page, signature page and UK VISA (if applicable) Original or certified copy of Resident Identity Card (if applicable), including both sides Note: Copy certified by a Bank of China Branch or local Notary Public Office is acceptable. 3. Proof of Address One of the following original documents showing applicant’s name and residential address: Resident Registration / Utility Bill / Landline Bill / Council Tax Bill / Bank Account or Credit Card Statement Note: Bill or statement must be dated within the last 3 months.

Original credit reference issued by local credit agency dated within the last 3 months:  UK: Experian, Equifax or Call Credit  China Mainland: People’s Bank of China Credit Report  Hong Kong: www.transunion.hk  Singapore: www.creditbureau.com.sg  Malaysia: Bank Negara Malaysia Credit Report Note: If applicant has relocated, the Bank may ask for additional credit reports. 5. Proof of Deposit Original or certified copy of last 3 months’ bank statement showing sufficient funds to pay deposit Original bank reference letter dated within the last 3 months confirming sufficient account balance to pay deposit Original solicitor reference if deposit has been paid to solicitor If deposit is gifted, please provide donor’s full name and residential address Note: Copy certified by a Bank of China Branch is acceptable.

Bank of China (UK) Limited is registered in England. Registered Number: 6193060. Registered Address: 1 Lothbury, London EC2R 7DB

Mortgage Application Guide 6. Proof of Income

7. Miscellaneous

Original or certified copy of last 3 months’ payslips

If applicant owns any buy-to-let property, please provide:

Original or certified copy of last 3 months bank statements showing

Original or certified copy of Title Deed

salary credits

Original or certified copy Tenancy Agreement showing rental amount

Original or certified copy of bank statements showing bonus payments

Original or certified copy of last 3 months bank statements showing

(if any)

rental payments

Original or certified copy of latest tax return  UK: P60 of the previous financial year  China Mainland: last 12 months Income Tax Payment Certificate  Hong Kong: Salaries Tax Assessment  Singapore: Notice of Assessment  Malaysia: Income Tax Statement Original employer’s reference letter as proof of employment  Issued on company letterhead, signed or stamped  Confirming applicant’s position and annual income  Explaining and confirming applicant’s other income, i.e. bonus, subsidy (if any)  Confirming applicant’s retirement age (if it is over local legal retirement age)  Explaining and confirming other related issues Note: Copy certified by a Bank of China Branch is acceptable.

If applicant has any other credit commitments, please provide: Original or certified copy of last 12 months loan repayment statements, showing interest rate, loan term, balance, monthly repayment amount If applicant is self-employed or owning more than 50% of the shares of a limited company, please provide: Original or certified copy of company’s Memorandum of Association and Articles of Association or equivalent constitutional documents Original or certified copy of last 3 years’ full trading accounts Original or certified copy of last 3 years’ company tax return Original or certified copy of last 12 months’ company bank statements Note: Copy certified by a Bank of China Branch is acceptable. * This list is for reference only, the Bank of China (UK) Limited may ask for additional supporting documents; * For more information, please email [email protected].

Bank of China (UK) Limited is registered in England. Registered Number: 6193060. Registered Address: 1 Lothbury, London EC2R 7DB

Mortgage Application Guide

MORTGAGE APPLICATION AND PROCESSING PROCEDURE

Bank of China (UK) Limited is registered in England. Registered Number: 6193060. Registered Address: 1 Lothbury, London EC2R 7DB

Mortgage Application Guide Bank of China (UK) Limited welcomes applications from residents in the UK, China Mainland, Hong Kong, Singapore, Malaysia and Taiwan. We also welcome applications from British or Chinese expats who live or work (excluding self-employed) in the United Arab Emirates. Our mortgage products are denominated in Pound Sterling (GBP) only. We can accept applicants’ income in Pound Sterling (GBP), US Dollar (USD), EURO (EUR), Chinese Yuan (CNY), Hong Kong Dollar (HKD), Singapore Dollar (SGD), Malaysian Ringgit (MYR), New Taiwan Dollar (TWD), and Emirati Dirham (AED). All applications are subject to satisfying our eligibility criteria, lending criteria and creditworthiness assessment. For regulated mortgages - where the currency of the borrower’s income relied on to repay the loan is not denominated in pound sterling (GBP) or the borrower is primarily resident in an EEA state other than the UK - and for Consumer Buy to Let mortgages - where the currency of the borrower’s income relied on to repay the loan is not denominated in pound sterling (GBP) - Bank of China (UK) Limited will monitor the movement of the currency against pound sterling (GBP) for the life of the loan and will notify the borrower when there is an adverse fluctuation of the exchange rate of 20% and above.

If you have a foreign currency mortgage, changes in the exchange rate may increase the sterling equivalent of your debt Representative Example (for residential mortgage) A capital and interest repayment mortgage of £200,649 payable over 25 years initially on a fixed rate for 3 years at 2.83% and then on our current variable rate at 3.39% above the Bank of England Base Rate (currently 0.5%) for the remaining 22 years giving an interest rate of 3.89% would require 36 monthly payments of £933.85 and 264 monthly payments of £1,034.70. The total amount payable would be £308,953.40 made up of the loan amount (£200,649) plus total interest payable (£106,115.40) and costs listed below (£2,189.00)*.

The overall cost for comparison is 3.8% APRC representative. *This example has been produced on the assumption that the mortgage arrangement fee of £1,295 has not been added to the loan and has been paid on acceptance of the mortgage offer (before drawdown) along with a booking fee of £299 and a valuation fee of £290 payable upfront on application. A telegraphic transfer fee of £35 and a legal fee of £175 would be payable on completion while a mortgage discharge fee of £95 would be payable as a final repayment charge. Ancillary services: as a condition to obtaining a mortgage, Bank of China (UK) Limited requires that buildings insurance, covering at least the amount referred to in our mortgage contract, is in place from first drawdown (or from risk is assumed, if this is earlier). This insurance must be maintained for the duration of the loan. Bank of China (UK) Limited is registered in England. Registered Number: 6193060. Registered Address: 1 Lothbury, London EC2R 7DB