1.30% Two Year Discount Remortgage
Interest Rates


Representing a 1.30% 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: Remortgage only 

Min/Max Adv: £25,000/£1,000,000

Max Loan To Value: 85% (including arrangement fee) 

Arrangement Fee: £499 (If the arrangement fee is added to the loan; the Loan to Value must not exceed 85%) 

Valuation Fee: N/A

Application Fee: £125

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

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

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

Other Features: Provides both assistance with legal fees and a free valuation. The Society will only cover the costs of core conveyancing, please see the 'LMS Conveyancing: Fees Assisted - England & Wales' document for more details.

The Society will only cover the costs of a basic mortgage valuation. Homebuyers reports will need to be paid for in full by the applicant(s).

Representative Example

A mortgage of £245,626 payable over 20 years initially on our discounted rate at 1.30% below the Society’s Residential Standard Variable Rate for 2 years and then reverting to our current Residential Standard Variable Rate of 4.99% (variable) for the remaining 18 years would require 24 monthly payments of £1,448.63 and 216 monthly payments of £1,604.41 plus one initial interest payment of £744.95.
The total amount payable would be £382,838.63 made up of the loan amount plus interest (£136,438.63) and Arrangement fee (£499), 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  • All Dudley Building Society mortgage products are subject to limited availability and may be withdrawn at the Society's discretion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.