Variable for Term Further Advance
The Society's current Standard Variable Rate for the term of the mortgage.
(The overall cost for comparison)
Available for: Further Advances
Min/Max Adv: £5,000/£1,000,000
Max Loan To Value: 90% (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% in the first three 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 or interest only basis.
If the mortgage is repaid on an interest only basis, the maximum LTV will be 75% (based on total borrowing with the Society).
Other Features: N/A
A mortgage of £20,795 payable over 37 years on the Society’s Residential Standard Variable Rate for the mortgage term of 10 years at our current rate of 4.99% (variable) would require 444 monthly payments of £102.75 plus one initial interest payment of £85.29.
The total amount payable would be £45,961.29 made up of the loan amount plus interest (£24,911.29) and Revaluation fee (£150), CHAPS fee (£25) and Application Fee (£80).
The overall cost for comparison is 5.2% 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- All Dudley Building Society mortgage products are subject to limited availability and may be withdrawn at the Society's discretion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