1.80% Discount Rate For Term
|3.19%||Representing a 1.80% discount off our residential standard variable rate.|
|3.6% 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:||90% (including arrangement fee)|
|Arrangement Fee:||1.00% (If the arrangement fee is added to the loan; the Loan to Value must not exceed 90%)|
|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.|
|Other Features:||Provides both assistance with legal fees and a free valuation. The Society will only cover the costs of core conveyancing, please see the ‘LMS Conveyancing: Fees Assisted - England & Wales’ document for more details.|
A mortgage of £144,000 payable over 7 years on our discounted rate at 1.8% below the Society’s Residential Standard Variable Rate of 4.99% (variable) for the mortgage term of 7 years would require 84 monthly payments of £1,915.07 plus one initial interest payment amount of £390.14.
The total amount payable would be £162,971.02 made up of the loan amount plus interest (£17,256.02) and Arrangement fee (£1,440), CHAPS fee (£25), Application Fee (£125) and Discharge fee (£125).
The overall cost for comparison is 3.6% 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- All Dudley Building Society mortgage products are subject to limited availability and may be withdrawn at the Society's discretion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.