Dudley BS and SMS launch exclusive product for network members

14 October 2016

Dudley Building Society, the intermediary focussed regional lender, has announced an exclusive 2 year fixed rate mortgage specifically for Openwork members through national specialist distributor, Solent Mortgage Services (SMS).

Features of the new product include: -

RATE - 2.99% fixed for 2 years
LTV - up to 90%
MAX LOAN - Up to £ 1 million (Dependent on LTV)
TERM - 5-35 years
REPAYMENT - Capital & Interest only

Other features include: -

Available for purchase and remortgage
Overpayments of 10% of the advance allowed without penalty in each of the first two years
Fee assisted legal fees and a free valuation for remortgage

Speaking about the new product, Jonathan Moore, Head of Credit, at Dudley Building Society, said, “Thanks to the strong relationship between Dudley BS, SMS and Openwork, this exclusive product is the result of close collaboration, based on the feedback collected by SMS from Openwork members. We are looking forward to further increasing our business with SMS and also supporting the needs of Openwork advisers.”

Ian Balfour, CEO at SMS commented, “This product initiative demonstrates the value of close relationships between lenders and distributors. Dudley BS has been particularly receptive in helping us fashion a great product for Openwork members, which they have actively asked for. I am sure this will be only the first such collaboration between us.”