2.99% Holiday Let Discount for Term
Interest Rates


Representing a 2.99% discount off our Buy-to-Let Standard Variable Rate which is currently 9.24%

6.6% 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: 80% (including arrangement fee)

Arrangement Fee: £750 (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% of the current balance for the first year and 0.5% for the second year

Overpayments: 10% of the advance amount can be repaid per annum for the first two years without incurring a charge. A 1% charge is due on any amount repaid that exceeds 10% per annum for the first year and 0.5% charge is due on any amount that exceeds 10% per annum in the second year

Restrictions: This mortgage must be repaid on a capital & interest, interest only or part & part basis. Please note that interest only mortgages are capped at 60% LTV

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 £296,865.00 payable over 15 years on our discounted rate at 2.99% below the Society’s Buy-to-Let Standard Variable Rate of 9.24% (variable) for the mortgage term of 15 years would require 180 monthly payments of £2,545.39 plus one initial interest payment of £1,571.52.
The total amount payable would be £461,126.72 made up of the loan amount plus interest (£162,876.72) and Arrangement fee (£750), Valuation fee (£240), CHAPS fee (£25), Application fee (£125) and Discharge fee (£125).
The overall cost for comparison is 6.6% 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  • All Dudley Building Society mortgage products are subject to limited availability and may be withdrawn at the Society's discretion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.