6.39% Two Year Fixed - Dudley Building Society

Main Features

Available for: Purchase and remortgage

Min/Max Adv: £25,000/£1,000,000

Max Loan To Value: 80% (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): 3% of the current balance in the first year and 1% for the second year

Overpayments: 10% of the advance amount can be repaid per annum for two years without incurring a charge. A 3% charge is due on any amount repaid that exceeds 10% per annum for the first year and a 1% charge is due on any amount that exceeds 10% per annum the following year.

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 £300,735.00 payable over 35 years on a fixed rate for 2 years at 6.39% and then our current Standard Variable Rate of 8.74% (variable) for the mortgage term of 33 years would require 24 monthly payments of £1,794.24 and 396 payments of £2,283.45 plus one initial interest payment of £1,632.13.

The total amount payable would be £950,074.09 made up of the loan amount plus interest (£648,205.09) and Arrangement fee (£499), Valuation fee (£240), CHAPS fee (£25), Application fee (£125) and Discharge fee (£125).

The overall cost for comparison is 8.7% APRC representative.

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