1.50% Discount For Term BTL Ex Pat Mortgage
Representing a 1.50% discount off our BTL standard variable rate.
|4.2% APRC||(The overall cost for comparison)|
|Available for:||Ex Pat Buy to Let Purchase and Remortgage|
|Min/Max Adv||£25,000/ £500,000 (min £5,000 for further advance)|
|Max Loan To Value:||60% (including arrangement fee)|
|Arrangement Fee:||1.00% (If the arrangement fee is added to the loan; the Loan to Value must not exceed 60%)|
|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.|
The mortgage must be repaid on a capital & interest or interest only basis.
Rental coverage is 140%.
A mortgage of £112,000 payable over 23 years on our discounted rate at 1.5% below the Society’s BTL Standard Variable Rate of 5.49% (variable) for the mortgage term of 23 years would require 276 monthly payments of £620.71 plus one initial interest payment amount of £379.54.
The total amount payable would be £173,330.50 made up of the loan amount plus interest (£59,695.50) and Arrangement fee (£1,120), Valuation fee (£240), CHAPS fee (£25), Application Fee (£125) and Discharge fee (£125).
The overall cost for comparison is 4.2% 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- All Dudley Building Society mortgage products are subject to limited availability and may be withdrawn at the Society's discretion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.