5.64% Expat BTL Five Year Fixed (until 31/12/2029)
Interest Rates
5.64%
Representing a Fixed Rate of 5.64% until 31/12/2029, changing to our Buy to Let Standard Variable Rate which is currently 9.24%
7.8% 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: £1999 (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): 4% of the current balance in the first year, 3% in the second year, 2% in the third year and 1% for the remaining two years.
Overpayments: 10% of the advance amount can be repaid per annum for five years without incurring a charge. A 4% charge is due on any amount repaid that exceeds 10% per annum for the first year, a 3% charge is due on any amount that exceeds 10% per annum the second year, a 2% charge is due on any amount that exceeds 10% per annum the third year and a 1% charge is due on any amount that exceeds 10% per annum for the remaining two years.
Restrictions: This mortgage can be repaid on a capital & interest, interest only or part & part basis. Interest only repayment has a maximum LTV of 80%.
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 £213,812.00 payable over 20 years initially on a fixed rate until 31st December 2029 at 5.64% and then our current Buy to Let Standard Variable Rate of 9.24% (variable) for the mortgage term of 14 years and 9 months would require 62 monthly payments of £1,487.74 and 178 payments of £1,851.72 plus one initial interest payment of £1,021.39.
The total amount payable would be £425,441.43 made up of the loan amount plus interest (£209,055.43) and Arrangement fee (£1,999), Valuation fee (£300), CHAPS fee (£25), Application fee (£125) and Discharge fee (£125).
The overall cost for comparison is 7.8% 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- All Dudley Building Society mortgage products are subject to limited availability and may be withdrawn at the Society's discretion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.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE