Dudley Building Society launches 85% LTV products

25 January 2021

Five new 85% products, 2, 3 and 5 year fixed and 2 year discount rates and a new part IO, part C&I discounted rate product

Dudley Building Society has announced the launch of three new fixed rate products, a part and part discounted for term product and a pure 2 year discounted product, all with increased LTVs to 85%.

• The fixed rate products share maximum LTVs at 85%, Capital & Interest repayment and loan sizes between £25k and £1m
  2 years fixed@3.79%
  3 years fixed@3.84%
  5 years fixed@3.89%
  
  
• 1.20% two year discounted product at 3.79%, 85% max LTV, Capital & Interest repayment and loan sizes between £25k and £1m
  
  
• 1.05% part and part discounted for term product at 3.94% (75% interest only/10% C&I) 85% max LTV and loan sizes between £25k and £1m
  
  
• All are available for purchase and remortgage

Dudley Building Society is already supporting their local communities by offering a 90% LTV product, which includes a £150 cashback, for house purchases and remortgages in local DY, WV, WS or B postcodes.

Talking about the new products, Commercial Director, Sam Ward said, “We have listened to our introducers whose customers are looking for higher LTVs and we have responded positively with these new products. Along with competitive fixed rates, we are launching a discounted two year deal and a part and part product, which will be of particular interest to customers with a larger mortgage wishing to keep monthly costs down. It all adds up to another comprehensive offering from the Dudley in support of the intermediary market.”