Dudley Building Society has launched a mortgage which offers £1,000 cashback to help offset costs for purchasers who may miss out on the stamp duty holiday.
The two-year fixed mortgage at 80 per cent loan to value (LTV) has a rate of 3.99 per cent with no arrangement fees and free valuation.
The minimum loan for the mortgage is £200,000.
Sam Ward, commercial director of Dudley Building Society, said: “With uncertainty still looming over the stamp duty holiday deadline and a range of potential solutions currently being debated, we are pleased to announce the launch of our new stamp duty product.
“This is a great opportunity for advisers to support clients who would like to get a house purchase through amid the uncertainty surrounding the stamp duty deadline.”
She added: “For those borrowers who may miss out, the £1,000 cashback, included as part of the release of funds, can be used to offset stamp duty payments or anything else the borrower may choose.”
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.
Follow her on Twitter at @ShekinaMS
