Dudley Building Society has launched a new mortgage product linked to the HOLD (Home Ownership for People with Long-Term Disabilities) scheme.
The new product is an exclusive with MySafeHome, an adviser for HOLD mortgages. The HOLD scheme supports borrowers with long-term disabilities to get onto the housing ladder, facilitating their need for an independent living situation that is safe, secure, and sustainable.
The new product tracks the SMI rate directly so that borrowers don’t need to top up their mortgage payments, and is available across the entire West Midlands region. The Society has had a relationship with MySafeHome for a number of years and has helped to power the lives of many individuals with long-term disabilities.
James Paterson, chief executive at the Dudley, said: “The Society is dedicated to supporting our communities, so the opportunity to provide mortgages for borrowers with long-term disabilities is something that we strive towards. The impact that homeownership has for borrowers with long term disabilities is life changing, as it provides them with valuable independence.”
David Abbey, managing director at MySafeHome, added: “The launch of this new mortgage is a true testament to Dudley Building Society’s commitment to support all members of the various communities it serves, and the Society should be justifiably very proud of giving people with disabilities such an incredible, life changing opportunity.”
