Dudley BS partner 3mc launches self-build product
22 January 2020
Specialist lending packager 3mc has today launched an exclusive self-build product, funded by Dudley Building Society.
One of Dudley’s key intermediary partners and mortgage introducers, 3mc is an award winning packager based in the North West and a specialist in the self-build market. With 1 in 7 people currently in the research process of building their own home, according to Buy Association, the self-build market is a market niche which the Society is keen to support.
The product which is available for purchase and remortgage offers a discounted rate of 4.69% at a 0.8% discount from the Society’s self-build variable rate for the mortgage term with LTVs up to 80% and a maximum loan of £500,000.
Sam Ward, Head of Commercial at Dudley Building Society said, “Self-build is a small but significant part of the market and one which requires specific expertise. 3mc has not only demonstrated its commitment to introducing quality business to the Society over time but are committed to working with us to develop the self-build proposition for the future. We are delighted to partner them with this exclusive product and look forward to further developing our presence in this market.”
Doug Hall, Director of 3mc commented, “We are long standing partners of the Dudley. Our teams have developed a strong relationship over a number of years. We have a deep understanding of their criteria and have been continually impressed with the manner in which the Society supports our brokers. Our positive working relationship has already resulted in the development of exclusive products such as the five year deal we already have in place, which is now complimented by this self-build exclusive.”
