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The Dudley adds large loan and regional 95 per cent products

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  • 06/05/2021
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The Dudley adds large loan and regional 95 per cent products
Dudley Building Society has introduced a new large loan mortgage of up to £1.5m and a 95 per cent loan to value (LTV) regional-based mortgage.

 

The large loan range spans £1m to £1.5m, at a two-year fixed rate of 3.69 per cent up to 80 per cent LTV.

The new 95 per cent LTV product is offered for purchase and remortgage in the postcode areas of Dudley, Wolverhampton, Walsall and Birmingham. The rate is a five-year fixed at 3.99 per cent. 

The Dudley has also cut rates on six further advance products.

Sam Ward, commercial director at The Dudley (pictured), said: “We wanted to fill the gap in our range for the growing number of requests for funding in excess of £1m. Thanks to the strong, two-way relationships between ourselves and our introducers, we have been able to respond quickly and launch a product that answers those requests for a larger maximum loan.”

“We’re a national lender, but as a regional building society, we’re proud of our roots and the support we offer to customers in our region. Our 95 per cent LTV product – where we pay the higher lending charge, because we know how difficult it is to save a deposit – is designed specifically to help local people wishing to say in the Midlands.”

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