The Dudley Building Society has launched a new fixed rate product, which is being offered through its panel of national packager/distributor partners.
Key features include:
- 3.99% fixed for two years
- Purchase and remortgage
- Maximum loan – £500,000 to 75% LTV
- Maximum LTV – 90%
- Overpayments up to 10% pa
- 5 – 35 year term
Gordon Rae, the Dudley’s intermediary relationship manager, said: “We have been working with our distribution partners for a year and new business lending has been satisfactory as we bedded in these important relationships. However, the time is right to make a more proactive move in our quest for new business.
“This new fixed rate is competitive and will be well received by our partners. I am sure that there will be interest from those brokers looking for longer terms for their clients as well as from those who are looking to place larger loans. As we are happy to go to £500000 up to 75% and up to 35 years, I am sure The Dudley will be a popular choice for clients.
“If brokers go to the Dudley website, they will find a list of our lending partners, and their contact details, with whom they can discuss their enquiries.”