1.10% Self-Employed Three Year Discount (One years accounts)

 

Interest Rates

3.89%

Representing a 1.10% discount off our Residential Standard Variable rate for two years, changing to our Residential Standard Variable Rate which is currently 4.99%

4.9% APRC

(The overall cost for comparison)

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: 1.00% (If the arrangement fee is added to the loan; the Loan to Value must not exceed 75%) 

Valuation Fee: Payable on application. See Valuation Fee leaflet

Early Repayment Charge (ERC): 3% in the first three years

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

Restrictions: This mortgage must be repaid on a capital & interest basis

Other Features: N/A

Representative Example

A mortgage of £245,626 payable over 20 years initially on our discounted rate at 1.10% below the Society’s Residential Standard Variable Rate for 3 years and then reverting to our current Residential Standard Variable Rate of 4.99% (variable) for the remaining 17 years would require 36 monthly payments of £1,474.25 and 204 monthly payments of £1,600.42 plus one initial interest payment of £785.33.
 
The total amount payable would be £383,465.27 made up of the loan amount plus interest (£134,718.01) and Arrangement fee (£2,456.26), Valuation fee (£390), CHAPS fee (£25), Application Fee (£125) and Discharge fee (£125).
 
The overall cost for comparison is 4.9% APRC representative.

Additional Notes
  • 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  • All Dudley Building Society mortgage products are subject to limited availability and may be withdrawn at the Society's discretion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