Dudley BS completes product changes with new fixed rates

11 July 2016

Dudley Building Society, the intermediary focused lender, has completed the transformation of its product range by releasing new 2, 3 and 5 year fixed rates as well as repricing their innovative listed building products.

The Society recently announced strong results with pre-tax profit in the year ending April 2016 reached £1,335,000, total assets up to over £350m.

The new fixed rate and listed building product announcements mark the last of three product launches which began three weeks ago to refresh the whole range.

Features include: -

• 2 year fixed rates at 3.69% up to 90% LTV for purchase and remortgage
  
  
• 3 year fixed rates at 2.99% up to 80% LTV for purchase and remortgage
  
  
• 5 year fixed rates at 3.39% up to 80% LTV for purchase and remortgage
  
  
• All remortgage only products come with fee assisted legals
  
  
• Listed buildings products for Grade 1, 2 and 2* property now priced at 3.69% for purchase and remortgage

Speaking about the new products, Jonathan Moore, Head of Credit at the Dudley said,
“Taken with the preceding product launches over the past two weeks, we have completely revamped the majority of our product range and with this latest launch, there are some very attractive fixed rates particularly on the three year product where the pricing has dropped by 1% to 2.99%.

We have been pleased with the enthusiastic response from partners in the intermediary market. The combination of well priced products, with innovative criteria to help older borrowers and those with complex requirements such as listed property buyers, backed up by our manual underwriting stance and total commitment to the broker market, makes Dudley’s proposition particularly appealing to intermediaries and their clients.”