The Dudley Building Society has launched three new remortgage products aimed at the self employed and clients with large loans looking to refinance.
Product details include:
Self employed with one year’s accounts
- 3.99% rate – three-year discount of 1.00% from SVR
Self employed with two years’ accounts
- 3.55% rate – three-year discount of 1.44% from SVR
- Free valuation
- Assistance with legals
- Max 75% LTV
- £25,000 – £350,000
- 5-35 year term
- Capital & interest only
- Overpayments of 10% pa can be made without penalty
Large Loan product
- 3.49% rate – 3 year discount 1.50% from SVR
- Free valuation
- Assistance with legals
- Max 75% LTV
- From £500,000 to £1 million maximum loan
- 5-35 year term
- Capital & Interest only
- Overpayments of 10% pa can be made without penalty
Jeremy Wood, chief executive of Dudley Building Society, said: “With these new products we have aimed to provide choices for clients with large loans between £500,000 and £1 million seeking to remortgage, as well as cater for the self employed client, who, in my opinion has been largely sidelined by the market.
“Our belief is that the self employed provide a valuable service to the economy of the country and deserve to be supported by the industry. We are going to see a lot of remortgaging still this year and want to ensure our introducers have access to the best borrowing options we can.”