The new product carries a rate of 2.89% for five years with a loan-to-value (LTV) of up to 80%. Clients will also have access to a maximum loan of up to £1m and the product is available for purchases and remortgages.
The product is the lowest five-year fixed-rate offered by Dudley Building Society which aims to enable intermediaries to maximise their client’s affordability.
Jonathan Moore, head of credit at Dudley BS, said the product had been designed for customers looking for the security to lock in for the longer term at a competitive rate.
Doug Hall, director at 3mc, said the partnership was the result of a strong relationship between 3mc and Dudley BS and a shared vision of looking at applicants as individuals while developing a mutual understanding between lenders and clients.