6.99%
Representing a 2.25% discount off our Buy to Let variable rate for the mortgage term which is currently 9.24%.
7.4% APRC
(The overall cost for comparison)
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 may be repaid on a capital & interest. interest only or part & part basis.
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)
A mortgage of £91,892.00 payable over 17 years on our discounted rate at 2.25% below the Society’s BTL Standard Variable Rate of 9.24% (variable) for the mortgage term of 17 years would require 204 monthly payments of £771.05 plus one initial interest payment of £527.94.
The total amount payable would be £158,077.14 made up of the loan amount plus interest (£65,930.14) and Revaluation fee (£150), CHAPS fee (£25) and Application fee (£80).
The overall cost for comparison is 7.4% 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- All Dudley Building Society mortgage products are subject to limited availability and may be withdrawn at the Society's discretion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
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