Two Year Fixed Energy Efficient Remortgage
Representing a Fixed Rate of 3.79% for the first two years, changing to our Standard Variable Rate which is currently 4.99%
(The overall cost for comparison)
Available for: Remortgage only
Min/Max Adv: £150,000/£1,000,000
Max Loan To Value: 80%
Arrangement Fee: N/A
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: This product comes with £950 cashback, fee assisted legals and free valuation.
Cashback funds must be used to upgrade the EPC rating of the property to a minimum of B.
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).
A mortgage of £144,750 payable over 35 years initially on a fixed rate for 2 years at 3.79% and then on our current Residential Standard Variable Rate of 4.99% (variable) for the remaining 33 years would require 24 monthly payments of £622.81 and 396 monthly payments of £724.94 plus one initial interest payment of £465.94.
The total amount payable would be £302,764.62 made up of the loan amount plus interest (£157,739.62) and CHAPS Fee (£25), Application Fee (£125) and Discharge Fee (£125).
The overall cost for comparison is 5.0% 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- All Dudley Building Society mortgage products are subject to limited availability and may be withdrawn at the Society's discretion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