Dudley Building Society has launched five mortgages at the 85 per cent loan to value (LTV) tier.
Three of the products are fixed term rates for two, three and five years. These deals have loans sizes between £25,000 and £1m and rates of 3.79 per cent, 3.84 per cent and 3.89 per cent respectively.
The mutual also released a two-year discount mortgage at 3.79 per cent, a discount of 1.2 per cent from its standard variable rate (SVR) of 4.99 per cent.
Lastly, there is part interest-only part capital repayment deal, discounted by 1.05 per cent off the SVR to 3.94 per cent. Interest-only payments are made on 75 per cent of the loan while capital and interest repayments are made on the remaining 10 per cent.
All mortgages are available for purchase and remortgage purposes.
Sam Ward (pictured), commercial director, 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.”
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
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