Three Year Fixed Rate Mortgage
|3.99%||Representing a Fixed Rate of 3.99% for the first three years, changing to our standard variable rate which is currently 4.99%|
|5.0% APRC||(The overall cost for comparison)|
|Available for:||Purchase & Remortgage|
|Min/Max Adv||£25,000/£1,000,000 (min £5,000 for further advance)|
|Max Loan To Value:||75% (including arrangement fee)|
|Arrangement Fee:||1.00% (If the arrangement fee is added to the loan; the Loan to Value must not exceed 75%)|
|Valuation Fee:||Payable on application. See Valuation Fee leaflet|
|Early Repayment Charge (ERC):||3% in the first three years|
|Overpayments:||10% of the advance amount can be repaid per annum for the first three years without incurring a charge. A 3% charge is due on any amount repaid that exceeds 10% per annum.|
This mortgage must be repaid on an interest only basis
A mortgage of £189,000 payable over 33 years initially on a fixed rate for 3 years at 3.99% and then on our current Standard Variable Rate of 4.99% (variable) for the remaining 30 years would require 36 monthly payments of £628.43 and 360 monthly payments of £785.99 plus one initial interest payment of £640.48.
The total amount payable would be £497,685.36 made up of the loan amount plus interest (£306,220.36) and Arrangement Fee (£1,890), Valuation fee (£300), CHAPS fee (£25), Application Fee (£125) and Discharge fee (£125).
The overall cost for comparison is 5.0% 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- All Dudley Building Society mortgage products are subject to limited availability and may be withdrawn at the Society's discretion.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.