Two Year Fixed Rate
Interest Rates

3.89%

Representing a Fixed Rate of 3.89% for the first two years, changing to our Standard Variable Rate which is currently 4.99%

5.0% 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: 90% 

Arrangement Fee: N/A

Valuation Fee: Payable on application. See Valuation Fee leaflet

Early Repayment Charge (ERC): 3% in the first two years

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

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

Other Features: Includes £150 cashback

Representative Example

A mortgage of £144,750 payable over 35 years initially on a fixed rate for 2 years at 3.89% and then on our current Standard Variable Rate of 4.99% (variable) for the remaining 33 years would require 24 monthly payments of £631.40 and 396 monthly payments of £676.76 plus one initial interest payment of £463.05.

The total amount payable would be £315,497.09 made up of the loan amount plus interest (£174,767.09) and Valuation Fee (£300), CHAPS fee (£25), Application Fee (£125) and Discharge fee (£125).

The overall cost for comparison is 5.0% 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  • All Dudley Building Society mortgage products are subject to limited availability and may be withdrawn at the Society's discretion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