5.13%
Representing a 3.36% discount off our Residential Standard Variable Rate for the first 2 years, changing to our Residential Standard Variable Rate which is currently 8.49%
8.3% APRC
(The overall cost for comparison)
Available for: Purchase and Remortgage
Min/Max Adv: £25,000/£1,000,000
Max Loan To Value: 75% (including arrangement fee)
Arrangement Fee: £499 (if the arrangement fee is added to the loan; the loan to value must not exceed the maximum permitted)
Valuation Fee: Payable on application. See Valuation Fee leaflet.
Application Fee: £125
Early Repayment Charge (ERC): 1% of the current balance for first year and 0.5% for the second year.
Overpayments: Can repay 10% of the advance amount in each of the first two years without penalty.
Restrictions: This mortgage must be repaid on a capital & interest basis
Other Features: N/A
Please note that we will consider the following:
- Guarantor mortgages (Max 75% LTV)
- Self-employed applicants with only 1 year's accounts (Max 75% LTV)
- Joint borrower, sole proprietor (up to product LTV limit)
A mortgage of £275,503.00 payable over 35 years on a discounted rate of 3.36% below the Society’s Residential Standard Variable Rate of 8.49% for 2 years followed by our current Residential Standard Variable Rate of 8.49% (variable) for the mortgage term of 33 years would require 24 monthly payments of £1,413.35 and 396 monthly payments of £2,031.68 plus one initial interest payment of £1,197.08.
The total amount payable would be £840,886.76 made up of the loan amount plus interest (£564,159.76) and Arrangement Fee (£499), Valuation Fee (£450), CHAPS Fee (£25), Application Fee (£125) and Discharge fee (£125).
The overall cost for comparison is 8.3% APRC representative.
- This mortgage summary should be read in conjunction with the Terms and Conditions.
- All Dudley Building Society mortgage products are subject to limited availability and may be withdrawn at the Society's discretion
- Fees and rates may vary according to the individual case. Fees and rates will be confirmed upon application.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE