Dudley BS launches six new products
11 January 2016
Dudley Building Society has announced six additional products to its range from the start of 2016.
The Society, which works exclusively through the intermediary market for its mortgage business, also recently announced that it has scrapped upper age limits across its entire product range.
There are four discounted and two 5 year fixed rate products. Features include: -
Discounted (For term) rate for interest only mortgages
- Up to 60% LTV Purchase – 3.79% (1.2% discount from SVR)
- Up to 60% LTV Remortgage - 3.79% (1.2% discount from SVR)
- 60.01 to 75% LTV Purchase - 3.99% (1.0% discount from SVR)
- 60.01 to 75% LTV Remortgage - 3.99% (1.0% discount from SVR)
- £25k to £1 million
- ERC 3% of advance in first 3 years
- 5-35 year term
- Remortgage incentive packages includes; fee assisted legals and free valuation
5 year fixed rate (Capital & Interest Repayment)
- Up to 80% LTV Purchase - 3.99%
- Up to 80% LTV Remortgage - 3.99%
- £25k to £1 million
- ERC 3% of advance in first five years
- 5-35 year term
- Remortgage incentive packages includes; fee assisted legals and free valuation
Jonathan Moore, Head of Credit, said, “These new products complement our existing range and will work well with the current market desire for longer term incentivised periods. They will also support our revised approach to lending to older borrowers, who are more likely to desire a mortgage solution which avoids the need for regular remortgaging. By adding a five year fixed range, clients now have a 2, 3 and 5 year option as well as four attractive discounted rate products for both purchase and remortgage.”
