Buy To Let Three Year Fixed Rate
Representing a 2.50% discount off our BTL standard variable rate for the first three years, changing to our BTL standard variable rate which is currently 5.49%
|5.1% APRC||(The overall cost for comparison)|
|Available for:||Remortgage Only|
|Min/Max Adv||£25,000/ £500,000 (min £5,000 for further advance)|
|Max Loan To Value:||70% (including arrangement fee)|
|Arrangement Fee:||1.90% (If the arrangement fee is added to the loan; the Loan to Value must not exceed 70%).|
|Early Repayment Charge (ERC):||None|
The mortgage must be repaid on either a capital & interest or interest only basis.
Rental coverage is 140%.
A mortgage of £112,000 payable over 23 years initially on our discounted rate at 2.5% below the Society’s Buy to Let Standard Variable Rate for 3 years and then reverting to our current Buy to Let Standard Variable Rate of 5.49% (variable) for the remaining 20 years would require 36 monthly payments of £561.68 and 240 monthly payments of £696.78 plus one initial interest payment of £284.42.
The total amount payable would be £190,135.10 made up of the loan amount plus interest (£75,732.10) and Arrangement fee (£2,128), CHAPS fee (£25), Application Fee (£125) and Discharge fee (£125).
The overall cost for comparison is 5.1% 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- All Dudley Building Society mortgage products are subject to limited availability and may be withdrawn at the Society's discretion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.