1.50% Discount for Term Ex-Pat BTL Further Advance
Representing a 1.50% discount off our BTL Standard Variable Rate which is currently 5.49%
(The overall cost for comparison)
Available for: Ex-Pat Buy to Let Further Advances Only
Min/Max Adv: £5,000/£1,000,000
Max Loan To Value: 70%
Arrangement Fee: N/A
Valuation Fee: A revaluation fee of £150 may be applicable
Early Repayment Charge (ERC): 1% in the first three years. ERC can be waived during the three year period if the customer returns to the UK and wishes to transfer to a retention product with the Society. This would be subject to proof of contract end date and return to the UK.
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
Restrictions: This mortgage must be repaid on a capital & interest basis or interest only basis.
Available for Ex-Pats only.
Other Features: Rent coverage is 140% (based on total borrowing with the Society).
A mortgage of £20,000 payable over 17 years on our discounted rate at 1.50% below the Society's BTL Standard Variable Rate of 5.49% (variable) for the mortgage term of 17 years, would require 204 monthly payments of £135.18 plus one initial interest payment of £67.78.
The total amount payable would be £27,899.50 made up of the loan amount plus interest (£7,644.50) and Revaluation Fee (£150), CHAPS fee (£25) and Application Fee (£80).
The overall cost for comparison is 4.3% 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- All Dudley Building Society mortgage products are subject to limited availability and may be withdrawn at the Society's discretion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