Full_repayment_of_loan_sale_of_remortgage

HOW TO MAKE LOAN REDEMPTION

SELLING YOUR PROPERTY OR REMORTGAGE TO ANOTHER BANK

December 2023 v1.0

We need you to complete and return the Full Repayment of Loan (sale or remortgage) form before we can proceed

with your request. Your request may be delayed if any information we require is missing.

Please make sure you have read the important notice section of the form before signing. For corporate account

customers, please sign the form with the company stamp as appropriate.

Details

CHARGES AND COSTS

NOTARISATION FEE

FUNDING BREAK COST

LEGAL COSTS

INTEREST BUFFER COST

This is based on respective jurisdictions

Fees vary according to the legal requirements of the relevant jurisdictions, indicative fees will be advised

when request is made.

This applies if you choose to fully repay your loan on a different date from the next scheduled payment

due date, covering the cost the Bank incurs when breaking a fixed deal.

Calculation for the cost as follows:

"Outstanding loan principal" x "No. of day from intended full repayment date to next scheduled payment

due date" x

"funding break cost rate/ 365 or 360 days"

365 days for GBP, HKD and SGD loans

360 days for other currencies loans

All legal costs incurred in connection with the settlement and discharge of mortgage will be covered by

you.

There may be an additional of 5-7 days interest buffer cost included on the final redemption amount to

cover funds clearance times.

Any excess payment will be refunded to you.

IMPORTANT INFORMATION

LOAN ROLLOVER

ARREARS PAYMENTS

SETTLE YOUR LOAN IN A

DIFFERENT CURRENCY

RELEASE TITLE DOCUMENTS

Your loan will be rolled over to the intended full repayment date on the next scheduled payment due

dale. Please therefore let us know at least 2 business days before the next scheduled payment due date

if the intended full repayment date has been changed.

Your action

It is your obligation to settle any payments due to the Bank. Any arrears payments will be subject to

overdue interest.

If you want to settle your loan in a currency different from the original loan currency, you can contact the

redemption officer at least 4 business days prior to intended full repayment dale and before 3.30 p.m.

United Kingdom time to fix the foreign exchange rate for the full repayment monies.

PLEASE NOTE:

If we do not hear from you, we will apply the Bank's prevailing foreign exchange rate at 11.00 a.m.

United Kingdom time 3 business days prior to intended full repayment date for the conversion.

Once the foreign exchange rate has been executed, the contract cannot be cancelled or modified. The

Bank is not responsible for any losses and costs that may incur in terms of reversing the foreign

exchange contract.

APPOINTMENT OF OUR

PANEL SOLICITORS

We may be required to appoint our panel solicitors in certain jurisdictions to act on the Bank's behalf.

Upon receipt and clearance of the final payout proceeds, we will inform the appointed solicitor for

processing the discharge of mortgage. The solicitor will send you the title documents after you have

settled the legal costs.

Please also ensure you have provided us with accurate solicitor details.

Please do not hesitate to contact us if you have any queries.

Confirmation of

Full repayment of loan (sale or remortgage)

For personal customers and corporate customers

1 Your account details

Please write clearly in the white spaces with capital letters or cross the boxes.

Name of customer(s) (or business name if applicable) Loan account number

First customer

Second customer

Contact telephone number Email address

( )

2 Your redemption purpose

Address of property to be sold or remortgaged

Sale of property

Remortgage of property

Name of solicitor firm or remortgage bank Name of contact person

Address Telephone number

( )

Fax number

( )

Email address

3 Your confirmation

I/We confirm that I/we have read and understood the Important Notice below and the instruction will be processed in accordance

with the Banking Services terms and conditions.

Please print name Please print name

First customer

Second customer

Your signature Additional signature if required by your signing instructions held

with the Bank

4 Important notice

1. Please return this form by email then forward the original by post.

2. This application form should reach us at least 14 business days prior to the

intended full repayment date.

3. Full repayment monies must be credited to the Bank’s designated account

by the settlement date with advice to us. Any late receipt of funds will be

subject to interest charges, which vary according to the loan currency.

4. For properties in Australia, France, New Zealand, Spain & Portugal, our

panel solicitor must be appointed to act on the Bank’s behalf for settlement

and discharge of the property.

5. Customers will be responsible for all remittance costs, administration fees,

solicitor notarial charges etc. in connection to the discharge.

6. Excess funds (if any) received from the settlement monies will be refunded

by cheque to the customer(s) and the funds must be in all of the customers’

names. Should you wish to receive these funds via another remitting

method, e.g. T/T, and in another currency (different from the settlement

proceeds), etc., a separate instruction signed by all borrowers detailing

your bank account details and the currency of the excess funds to be

remitted can be made to the Bank for alternative arrangements. Please

forward the original instruction to our United Kingdom office.

7. Excess funds remitted via Telegraphic Transfer are subject to remittance

charges.

8. Payments will not be made to third parties.

9. Where the signing instructions for your account require instructions to be

given to us by more than one account holder/authorised signatory, please

ensure that all necessary persons complete and sign Section 3 (‘Your

confirmation’) before returning this form to the Bank.

December 2023 v1.0

By email: imsredemption@lloydsbank.co.uk

By post: Lloyds Bank plc, IMS Customer Service, PO Box 3413, Shefﬁeld,

South Yorkshire, S4 7YB, United Kingdom