Regulatory Notice

Bank of Ireland Mortgage Bank - Prudent Market Value for the purposes of the Asset Covered Securities Act, 2001 Regulatory Notice (Section 41(1)) 2004 [Irish Residential Property Assets/Mortgage Credit Assets]. For the purpose of satisfying publication requirements which apply under the above referenced regulatory notice, Bank of Ireland Mortgage Bank hereby gives notice that the Prudent Market Discount that applies in relation to Bank of Ireland Mortgage Bank for the purposes of that regulatory notice is currently 0.15 (in percentage terms 15%).

To monitor the ongoing quality of the service we provide your calls will be recorded.

Bank of Ireland Mortgage Bank is a member of Bank of Ireland Group.

Bank of Ireland and Bank of Ireland Mortgage Bank, trading as Bank of Ireland Mortgages are regulated by the Financial Regulator.

Home Insurance is provided by Bank of Ireland Insurance Services Limited. Cover is subject to underwriting requirements and terms and conditions apply. Bank of Ireland Insurance Services Limited is a Member of the Bank of Ireland Group. Bank of Ireland Insurance Services Limited is regulated by the Financial Regulator.

Bank of Ireland Home Insurance is underwritten by Royal and Sun Alliance Insurance plc. and Hibernian General Insurance Ltd. Royal and Sun Alliance Insurance plc.'s registered office is St. Mark's Court, Chart Way, Horsham, RH12 1XL. Royal and Sun Alliance Insurance plc. is authorised by the UK Financial Services Authority and regulated by the Financial Regulator for the conduct of business in Ireland. Hibernian General Insurance Ltd.'s registered office is One Park Place, Hatch Street, Dublin 2. Hibernian General Insurance Ltd is regulated by the Financial Regulator.

If your mortgage is an equity release mortgage and is being used for debt consolidation purposes:

If your mortgage is a Bank of Ireland Life Loan:

Endowment loans
If you chose 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:

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 have paid in premia and other charges.

EARLY REPAYMENT

In the case of a fixed rate loan, in the event of early repayment of the Loan in whole or in part for any reason, or conversion to a variable interest rate, or other fixed rate within the initial fixed rate period or any further or subsequent fixed rate period, the Borrower shall pay a sum to be calculated in accordance with the following formula (Amount x (R-R1) x Time) divided by 36500 and for the purposes of this formula, the variables are defined as follows: 'Amount' means the average balance of the amount repaid early or converted from the date of repayment or conversion to the end of the fixed rate term, allowing for scheduled repayments; in the case of an endowment loan, this will equal the full amount of the early repayment or conversion. 'R' means the cost of funds for the Bank for the fixed rate period as incorporated in the existing interest rate applying to the loan. 'R1' means the interest rate available to the Bank for funds placed in the money market on the date of early repayment or conversion for the remainder of the relevant fixed rate period. "Time" means the number of days from the date of early repayment or conversion to the end of the relevant fixed rate period.

ARREARS

Any sum not paid by its due date is subject to an additional interest rate charge at the rate of 0.5% per month or part of month (i.e. 6.00% per annum), subject to a minimum of €2.54 per month, from the due date until payment. This additional interest charge is intended to cover the Bank's increased administration and related charges due to the Borrower's default. Full details of this charge will be set out in any loan agreement with you.

FEES & COSTS

The Bank requires that a valuation be carried out by a valuer acceptable to the Bank (see valuation) and that the appropriate fee be paid by you directly to the valuer. If any loan is refused this fee will be refunded.

Legal fees (excluding costs associated with the Banks'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 the parties.

VALUATION

The Bank requires a valuation be carried out on the property (ies) being offered as security. This valuation must be completed by a valuer acceptable to the Bank and any such valuation report remains the property of the Bank. No responsibility whatsoever is implied or accepted by the Bank for the value or condition of the property by reason of such valuation. The borrower is strongly recommended to arrange an independent valuation and structural survey of the property. You are responsible for the payment of the valuation fee. If the loan is refused then the valuation fee will be refunded to you. Please note that a valuation report should only be arranged after you have received "Loan Offer". You are entitled to your own copy of the valuation report.

Bank of Ireland and Bank of Ireland Mortgage Bank, trading as Bank of Ireland Mortgages, are regulated by the Financial Regulator.

Bank of Ireland Mortgage Bank subscribes to the European Voluntary Code of Conduct on Pre-Contractual Information for Homeloans. A copy of this Code is available from Bank of Ireland Mortgages.