1) where the qualifying credit promotion relates to a regulated lifetime mortgage contract: ‘This is a lifetime mortgage. To understand the features and risks, ask for a personalised illustration.’
(2) where the qualifying credit promotion refers to paying off unsecured debts (for example, credit cards, personal loans or overdrafts) by taking out qualifying credit: ‘Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.’
(3) in all cases except (1) and (2): ‘Your home may be repossessed if you do not keep up repayments on your mortgage.’
(4) where the mortgage will be denominated in a currency other than sterling: ‘Changes in the exchange rate may increase the sterling equivalent of your debt.’
(5) Where more than one of the statements in (1) to (4) applies, each relevant statement should be included in the qualifying credit promotion. In such cases, the statement set out in (1), (2) or (3) should precede than in (4).’
