1.30% Discount Rate Listed Building Product
|3.69%||Representing a 1.30% discount off our residential standard variable rate for the first three years, changing to our residential standard variable rate which is currently 4.99%.|
|4.6% APRC||(The overall cost for comparison)|
|Available for:||Purchase and Remortgage|
|Min/Max Adv||£25,000/ £500,000 (min £5,000 for further advance)|
|Max Loan To Value:||70% (including arrangement fee)|
|Arrangement Fee:||0.80% (If the arrangement fee is added to the loan; the Loan to Value must not exceed 70%)|
|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 three years without incurring a charge. A 3% charge is due on any amount repaid that exceeds 10% per annum.|
Product only available for properties which are Grade 1, Grade 2* and Grade 2 Listed.
Maximum term of 25 year and 20 years for Grade 1.
A mortgage of £144,000 payable over 7 years initially on our discounted rate at 1.3% below the Society’s Residential Standard Variable Rate for 3 years and then reverting to our current Residential Standard Variable Rate of 4.99% (variable) for the remaining 4 years would require 36 monthly payments of £1,947.83 and 48 monthly payments of £1,998.76 plus one initial interest payment amount of £451.29.
The total amount payable would be £168,390.65 made up of the loan amount plus interest (£22,513.65) and Arrangement fee (£1,152), Valuation fee (£450), CHAPS fee (£25), Application Fee (£125) and Discharge fee (£125).
The overall cost for comparison is 4.6% 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- All Dudley Building Society mortgage products are subject to limited availability and may be withdrawn at the Society's discretion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.