Common use of METHOD OF CHARGING INTEREST Clause in Contracts

METHOD OF CHARGING INTEREST. Interest charges are calculated by multiplying the unpaid balance of each Loan Portion at the end of each day by the daily interest rate, which is the relevant Annual Interest Rate divided by 365. Interest is charged on each Payment Date (as part of the Payment Amount). Total Interest Payable: $ Payment $ Payment $ Your Payment Dates are at intervals. First Payment Date: Final Payment Date: Total Payments: $ Total Interest Payable: $ Payment Payment $ $] For the purposes of these Commercial Terms (including the calculation of your Payment Amounts), we have assumed that your Loan will be advanced on the Effective Date. If your Loan is advanced on another date, then your Payment Amounts may vary slightly (and if that is the case, we will provide you with an update as required in accordance with applicable law). This Payments Schedule is also given on the basis that there is no change to any Annual Interest Rate, that no fees or other charges are incurred (which are not included in the Loan Amount above and are not interest charges), that you make all payments in accordance with this Payments Schedule, and that you do not default under this Agreement. We require you to have a primary account with us (into which your income is paid) and your payments to us under this Agreement must be made by direct debit from that account, unless we have agreed otherwise. There is no interest-free period under this Agreement. Physical address Title number SECURITY UNDER THIS AGREEMENT This is a secured loan. Security is given under the Mortgage (and any other Related Security Agreement) in the Property. If you fail to meet your commitments under this Agreement, we may be able to sell the Property. We can use the sale proceeds to pay back the total amount of the Secured Debt. You make important promises to us about the Property in clause 4 of the General Terms and in the Mortgage (and any other Related Security Agreement). You should read these carefully and make sure you understand your obligations.

METHOD OF CHARGING INTEREST. Interest charges are calculated by multiplying the unpaid balance of each Loan Portion Unpaid Balance at the end of each day by the daily interest rate, which is the relevant Annual Interest Rate divided by 365. On each Interest Charge Date, accrued interest is charged in arrears and added to the Unpaid Balance (on each Payment Date (as part which we charge interest). You must pay us back the Total Amount Owing in full:  on the last day of the Payment AmountTerm (or any earlier date on which the Facility is cancelled under clause 6.2 or 7.1 of the General Terms); or  on any earlier date on which we ask you to repay the Total Amount Owing in full. Total Interest Payable: $ Payment $ Payment $ Your Payment Dates are We can ask you to do this at intervals. First Payment Date: Final Payment Date: Total Payments: $ Total Interest Payable: $ Payment Payment $ $] For the purposes of these Commercial Terms (including the calculation of your Payment Amounts), any time and we have assumed that your Loan will be advanced on the Effective Date. If your Loan is advanced on another date, then your Payment Amounts may vary slightly (and if that is the case, we will provide you with an update as required in accordance with applicable law). This Payments Schedule is also given on the basis that there is no change to any Annual Interest Rate, that no fees or other charges are incurred (which are not included in the Loan Amount above and are not interest charges), that you make all payments in accordance with this Payments Schedule, and that you do not default under this Agreementhave to give any reason for asking you to do so. We require you to have a primary ensure that your income is paid into the account with us (into which your income that is paid) and your payments linked to us under this Agreement must be made by direct debit from that accountthe Facility, unless we have agreed otherwise. Each such payment of income is treated as a prepayment (see under "Prepayment" in the Other Key Information section for more information). We do not otherwise require you to make regular payments during the Term. It is our expectation that the Total Amount Owing will fluctuate, and that there may be no Total Amount Owing, from time to time. There is no interest-free period under this Agreement. Physical address Title number SECURITY UNDER THIS AGREEMENT This is a secured loanfacility. Security is given under the Mortgage (and any other Related Security Agreement) in the Property. If you fail to meet your commitments under this Agreement, we may be able to sell the Property. We can use the sale proceeds to pay back the total amount of the Secured Debt. You make important promises to us about the Property in clause 4 of the General Terms and in the Mortgage (and any other Related Security Agreement). You should read these carefully and make sure you understand your obligations.. OTHER KEY INFORMATION

METHOD OF CHARGING INTEREST. Interest charges are calculated by multiplying the unpaid balance of each Loan Portion at the end of each day by the daily interest rate, which is the relevant Annual Interest Rate divided by 365. Interest is charged on each Payment Date (as part of the Payment Amount). Total Interest Payable: $ Payment $ Payment $ Your Payment Dates are at intervals. First Payment Date: Final Payment Date: year(s) after the date the Loan is advanced. Total Payments: $ Total Interest Payable: $ Payment $ Payment $ $] For the purposes of these Commercial Terms (including the calculation of your Payment Amounts), we have assumed that your Loan will be advanced on the Effective Date. If your Loan is advanced on another date, then your Payment Amounts may vary slightly (and if that is the case, we will provide you with an update as required updated Schedule of Payments in accordance with applicable lawclause 9.2 of the General Terms). This Schedule of Payments Schedule is also given on the basis that there is no change to any Annual Interest Rate, that no fees or other charges are incurred (which are not included in part of the Loan Amount above and are not nor interest charges), that you make all payments in accordance with this Payments ScheduleSchedule of Payments, and that you do not default under this Agreement. We require you to have a primary account with us (into which your income is paid) and your payments to us under this Agreement must be made by direct debit from that account, unless we have agreed otherwise. There is no interest-free period under this Agreement. Physical address Title number SECURITY UNDER THIS AGREEMENT This is a secured loan. Security is given under the Mortgage (and any other Related Security Agreement) in the Property. If you fail to meet your commitments under this Agreement, we may be able to sell the Property. We can use the sale proceeds to pay back the total amount of the Secured Debt. You make important promises to us about the Property in clause 4 of the General Terms and in the Mortgage (and any other Related Security Agreement). You should read these carefully and make sure you understand your obligations.. OTHER KEY INFORMATION

METHOD OF CHARGING INTEREST. Interest charges are calculated by multiplying the unpaid balance of each Loan Portion Unpaid Balance at the end of each day by the daily interest rate, which is the relevant Annual Interest Rate divided by 365. On each Interest Charge Date, accrued interest is charged in arrears and added to the Unpaid Balance (on each Payment Date (as part which we charge interest). year(s) from the Effective Disclosure Date. You must pay us back the Total Amount Owing in full: • on the last day of the Payment AmountTerm (or any earlier date on which the Facility is cancelled under clause 6.2 or 7.1 of the General Terms); or • on any earlier date on which we ask you to repay the Total Amount Owing in full. Total Interest Payable: $ Payment $ Payment $ Your Payment Dates are We can ask you to do this at intervals. First Payment Date: Final Payment Date: Total Payments: $ Total Interest Payable: $ Payment Payment $ $] For the purposes of these Commercial Terms (including the calculation of your Payment Amounts), any time and we have assumed that your Loan will be advanced on the Effective Date. If your Loan is advanced on another date, then your Payment Amounts may vary slightly (and if that is the case, we will provide you with an update as required in accordance with applicable law). This Payments Schedule is also given on the basis that there is no change to any Annual Interest Rate, that no fees or other charges are incurred (which are not included in the Loan Amount above and are not interest charges), that you make all payments in accordance with this Payments Schedule, and that you do not default under this Agreementhave to give any reason for asking you to do so. We require you to have a primary ensure that your income is paid into the account with us (into which your income that is paid) and your payments linked to us under this Agreement must be made by direct debit from that accountthe Facility, unless we have agreed otherwise. Each such payment of income is treated as a prepayment (see under "Prepayment" in the Other Key Information section for more information). We do not otherwise require you to make regular payments during the Term. It is our expectation that the Total Amount Owing will fluctuate, and that there may be no Total Amount Owing, from time to time. There is no interest-free period under this Agreement. Physical address Title number SECURITY UNDER THIS AGREEMENT Number This is a secured loanfacility. Security is given under the Mortgage (and any other Related Security Agreement) in the Property. If you fail to meet your commitments under this Agreement, we may be able to sell the Property. We can use the sale proceeds to pay back the total amount of the Secured Debt. You make important promises to us about the Property in clause 4 of the General Terms and in the Mortgage (and any other Related Security Agreement). You should read these carefully and make sure you understand your obligations.