2.50% Discount Rate For Term
|2.49%||Representing a 2.50% discount off our residential standard variable rate.|
|2.7% APRC||(The overall cost for comparison)|
|Available for:||Purchase Only|
|Min/Max Adv||£25,000/ £1,000,000|
|Max Loan To Value:||50% (including arrangement fee)|
|Arrangement Fee:||0.80% (If the arrangement fee is added to the loan; the Loan to Value must not exceed 50%)|
|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.|
|Restrictions:||This mortgage must be repaid on a capital & interest basis.|
A mortgage of £230,100 payable over 12 years on our discounted rate at 2.5% below the Society’s Residential Standard Variable Rate of 4.99% (variable) for the mortgage term of 12 years would require 144 monthly payments of £1,850.16 plus one initial interest payment amount of £486.61.
The total amount payable would be £269,475.45 made up of the loan amount plus interest (£36,809.65) and Arrangement fee (£1,840.80), Valuation fee (£450), CHAPS fee (£25), Application Fee (£125) and Discharge fee (£125).
The overall cost for comparison is 2.7% 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- All Dudley Building Society mortgage products are subject to limited availability and may be withdrawn at the Society's discretion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.