Three Year Fixed Rate Mortgage - Remortgage
|2.99%||Representing a Fixed Rate of 2.99% for the first three years, changing to our standard variable rate which is currently 4.99%.|
|4.8% APRC||(The overall cost for comparison)|
|Available for:||Remortgage Only|
|Min/Max Adv||£25,000/ £1,000,000 (min £5,000 for further advance)|
|Max Loan To Value:||80% (including arrangement fee)|
|Arrangement Fee:||1.25% (If the arrangement fee is added to the loan; the Loan to Value must not exceed 80%)|
|Early Repayment Charge (ERC):||3% in the first three years|
|Overpayments:||10% of the advance amount can be repaid per annum for three years without incurring a charge. A 3% charge is due on any amount repaid that exceeds 10% per annum.|
The mortgage must be repaid on a capital & interest basis.
Provides both assistance with legal fees and a free valuation. The Society will only cover the costs of core conveyancing, please refer to the ‘LMS Conveyancing: Fees Assisted - England & Wales’ document for more details.
A mortgage of £189,000 payable over 33 years initially on a fixed rate for 3 years at 2.99% and then on our current Standard Variable Rate of 4.99% (variable) for the remaining 30 years would require 36 monthly payments of £751.39 and 360 monthly payments of £956.93 plus one initial interest payment of £479.96.
The total amount payable would be £374,662.30 made up of the loan amount plus interest (£183,024.80) and Arrangement Fee (£2,362.50), CHAPS fee (£25), Application Fee (£125) and Discharge fee (£125).
The overall cost for comparison is 4.8% 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- All Dudley Building Society mortgage products are subject to limited availability and may be withdrawn at the Society's discretion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.