2.35% Discount for Term Large Loan
Interest Rates


Representing a 2.35% discount off our Residential Standard Variable Rate which is currently 8.74% 

6.7% APRC 

(The overall cost for comparison)

Main Features

Available for: Purchase and Remortgage 

Min/Max Adv: £2,000,000/£2,500,000

Max Loan To Value: 60% capital and interest, 50% interest only (including arrangement fee)

Arrangement Fee: £2,995 (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): 1.5% of the current balance in the first year, 1.0% in the second year and 0.5% in the third year

Overpayments: 10% of the advance amount can be repaid per annum for three years without incurring a charge. A 1.5% charge is due on any amount repaid that exceeds 10% per annum for the first year, a 1.0% charge is due on any amount repaid that exceeds 10% per annum for the second year and a 0.5% charge is due on any amount that exceeds 10% per annum for the third year

Restrictions: This mortgage must be repaid on a capital & interest or interest only basis. Please note that interest only is capped at 50% LTV.

Other Features: N/A

Please note that we will consider the following:

  • Guarantor mortgages (Max 60% LTV)
  • Self-employed applicants with only 1 year's accounts (Max 60% LTV)
  • Joint borrower, sole proprietor (up to product LTV limit)
Representative Example

A mortgage of £1,250,000.00 payable over 38 years on our discounted rate at 2.35% below the Society’s Residential Standard Variable Rate of 8.74% (variable) for the mortgage term of 38 years would require 450 monthly payments of £7,327.76 plus one initial interest payment of £6,783.90.
The total amount payable would be £3,308,685.90 made up of the loan amount plus interest (£2,054,275.90) and Arrangement Fee (£2,995), Valuation Fee (£1,140), CHAPS Fee (£25), Application Fee (£125) and Discharge Fee (£125).
The overall cost for comparison is 6.7% 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  • All Dudley Building Society mortgage products are subject to limited availability and may be withdrawn at the Society's discretion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.