3.36% Two Year Discount - Dudley Building Society

Main Features

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)

Representative Example

A mortgage of £275,503.00 payable over 35 years on a discounted rate for 2 years at 5.38% and then our current Residential Standard Variable Rate of 8.74% (variable) for the mortgage term of 33 years would require 24 monthly payments of £1,457.90 and 396 monthly payments of £2,083.21 plus one initial interest payment of £1,255.42.

The total amount payable would be £862,420.18 made up of the loan amount plus interest (585,693.18) and Arrangement Fee (£499), Valuation Fee (£450), CHAPS Fee (£25), Application Fee (£125) and Discharge fee (£125).

The overall cost for comparison is 8.5% APRC representative.

Quick links