The option is available across its whole range but only to those with borrowing requirements up to 75 per cent loan to value (LTV). There must also be more than 10 years from the date of completion to retirement. 

The mutual began its phased return in August with residential products up to 75 per cent LTV before increasing to 85 per cent LTV this month. 

Sam Ward, commercial director of Dudley Building Society, (pictured) said: “Since August 2020 we have gradually reintroduced the major parts of our successful product and criteria proposition with which our introducers were familiar.  

“We now feel it is the right moment to bring back an option for customers who might have been restricted by wanting to borrow up to and into retirement.” 

Sponsored

Market Moves: Understanding UK Housing Trends

Introducing the first in our video series “Market Moves: Understanding UK Housing Trends” The

Sponsored by Halifax Intermediaries

She added: “Part of our remit as a building society, which we take very seriously, is to accommodate as many of our members and introducers as we can. Dudley is delighted to be able to provide for particular niches like this one, where customers are disadvantaged simply due to their age.”