6.29% Two Year Fixed
Interest Rates


Representing a Fixed Rate of 6.29% for the first 2 years, changing to our Residential Standard Variable Rate which is currently 8.74% 

8.7% 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: 60% (including arrangement fee)

Arrangement Fee: £499 (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): 3% of the current balance in the first year and 1% for the second year

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 for the first year and a 1% charge is due on any amount that exceeds 10% per annum the following year.

Restrictions: This mortgage must be repaid on a capital & interest basis. 

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 £300,735.00 payable over 35 years on a fixed rate for 2 years at 6.29% and then our current Standard Variable Rate of 8.74% (variable) for the mortgage term of 33 years would require 24 monthly payments of £1,773.72 and 396 payments of £2,282.59 plus one initial interest payment of £1,606.58.
The total amount payable would be £949,215.50 made up of the loan amount plus interest (£647,346.50) and Arrangement fee (£499), Valuation fee (£240), CHAPS fee (£25), Application fee (£125) and Discharge fee (£125).
The overall cost for comparison is 8.7% 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  • All Dudley Building Society mortgage products are subject to limited availability and may be withdrawn at the Society's discretion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.