2.25% BTL Discount for Term Further Advance

 

Interest Rates

3.24%

Representing a 2.25% discount off our Buy to Let variable rate for the mortgage term. 

3.5% APRC 

(The overall cost for comparison)

Main Features

Available for: Buy to Let Further Advances Only 

Min/Max Adv: £5,000/£1,000,000

Max Loan To Value: 80% 

Arrangement Fee: N/A 

Valuation Fee: A revaluation fee of £150 may be applicable 

Application Fee: £80

Early Repayment Charge (ERC): 1% of the current balance for the first year and 0.5% for years two and three

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

Restrictions: The mortgage must be repaid on a capital & interest basis or interest only basis.                                                                          

Other Features: N/A

Please note that we will consider the following:

  • Guarantor mortgages (max 80% LTV)
  • Self-employed applicants with only 1 year's accounts (Max 80% LTV)
  • Joint borrower, sole proprietor
Representative Example

A mortgage of £20,000 payable over 17 years initially on our discounted rate at 2.25% below the Society's BTL Standard Variable Rate of 5.49% for the mortgage term of 17 years would require 204 monthly payments of £127.63 plus one initial interest payment of £55.04. 

The total amount payable would be £26,346.56 made up of the loan amount plus interest (£6,091.56) and Revaluation Fee (£150), CHAPS fee (£25) and Application Fee (£80). 

The overall cost for comparison is 3.5% 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  • All Dudley Building Society mortgage products are subject to limited availability and may be withdrawn at the Society's discretion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