8.74%
The Society's current Standard Variable Rate which is currently 8.74% for the term of the mortgage.
9.2% APRC
(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) Interest Only has a maximum LTV of 75%
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 three years
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 may be repaid on a capital & interest, interest only or part & part basis. Interest only repayment has a maximum LTV of 75%.
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 £89,813.00 payable over 23 years on the Society’s Residential Standard Variable Rate of 8.74% (variable) for the mortgage term of 23 years would require 276 monthly payments of £756.18 plus one initial interest payment of £645.18.
The total amount payable would be £209,605.86 made up of the loan amount plus interest (£119,537.86) and Revaluation fee (£150), CHAPS fee (£25) and Application fee (£80).
The overall cost for comparison is 9.2% 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- All Dudley Building Society mortgage products are subject to limited availability and may be withdrawn at the Society's discretion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
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