1.60% Discount for Term Ex-Pat Holiday Let
Representing a 1.60% discount off our Buy-to-Let standard variable rate which is currently 6.24%.
(The overall cost for comparison)
Available for: Purchase and Remortgage
Min/Max Adv: £25,000/£1,000,000
Max Loan To Value: 80% (including arrangement fee)
Arrangement Fee: £750 (If the arrangement fee is added to the loan; the Loan to Value must not exceed 80%)
Valuation Fee: Payable on application. See Valuation Fee leaflet.
Application Fee: £125
Early Repayment Charge (ERC): 1% in the first year and 0.5% for the second year (ERC waived during the two year period if the customer returns to the UK and wishes to transfer to a retention product with the Society. This would be subject to proof of contract end date and return to the UK.)
Overpayments: 20% of the advance amount can be repaid per annum for two years without incurring a charge. A 1% charge is due on any amount repaid that exceeds 20% per annum in the first year and a 0.5% charge is due on any amount repaid that exceeds 20% per annum for the second year.
Restrictions: The mortgage must be repaid on a capital & interest or interest only basis.
Available for Ex-Pats only
Other Features: N/A
Please note that we will consider the following:
- Guarantor mortgages (max 80% LTV)
- Self-employed applicants with only 2 year's accounts (Max 80% LTV)
- Joint borrower, sole proprietor
A mortgage of £143,225.00 payable over 7 years on our discounted rate at 1.60% below the Society’s Buy to Let Standard Variable Rate of 6.24% (variable) for the mortgage term of 7 years would require 84 monthly payments of £2,000.19 plus one initial interest payment of £564.42.
The total amount payable would be £169,875.38 made up of the loan amount plus interest (£25,355.38) and Arrangement fee (£750), Valuation fee (£270), CHAPS fee (£25), Application Fee (£125) and Discharge fee (£125).
The overall cost for comparison is 5.1% 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- All Dudley Building Society mortgage products are subject to limited availability and may be withdrawn at the Society's discretion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