1.20% Right to Buy Discount for Term Further Advance


Interest Rates


Representing a 1.20% discount off our Standard Variable Rate 

4.1% APRC 

(The overall cost for comparison)

Main Features

Available for: Right to Buy Further Advances Only  

Min/Max Adv: £5,000/£500,000

Max Loan To Value: 100% of the discounted purchase price, 85% of the full property value (based on total borrowing with the Society) 

Arrangement Fee: None 

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

Application Fee: £80

Early Repayment Charge (ERC): 1% of the current balance in the first two years 

Overpayments: 10% of the advance amount can be repaid per annum for two 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. 

Additional borrowing is permitted for home improvements only subject to being no more than 20% of the discounted sum. For funds to be released, we require sight of invoices detailing the costs of any proposed improvements.  

Other Features: None 

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
Representative Example

A mortgage of £20,000 payable over 17 years on our discounted rate at 1.20% below the Society's Residential Standard Variable Rate of 4.99% (variable) for the mortgage term of 12 years would require 204 monthly payments of £133.14 plus one initial interest payment amount of £64.38.

The total amount payable would be £27,479.94 made up of the loan amount plus interest (£7,224.94) and Revaluation Fee (£150), CHAPS fee (£25) and Application Fee (£80). 

The overall cost for comparison is 4.1% 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  • All Dudley Building Society mortgage products are subject to limited availability and may be withdrawn at the Society's discretion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.