Dudley Building Society has increased the maximum loan to value (LTV) on its shared ownership, buy-to-let (BTL) and self-build ranges to make their offerings more accessible to a wider range of applicants.
The maximum LTV for shared ownership is now 95 per cent, up from 90 per cent previously. Rates have also been cut from 3.99 per cent to 3.49 per cent.
For its BTL and holiday let products the maximum LTV is now 80 per cent, and for self-build it is 85 per cent for end value and land value.
Kieron Blackburn (pictured), commercial director at Dudley Building Society, said: “We have been working to increase the maximum LTVs within these specialist areas for some time now, as we are eager to continue to drive mortgage business towards areas where applicants can benefit from our flexible approach to underwriting.”
He added that its intermediary partners had said that there was a growing demand for a more flexible shared ownership proposition as the rising cost of living takes hold.
Blackburn said: “At Dudley, we are focused on serving these applicants who require additional flexibility through the shared ownership scheme. The increase in maximum LTVs across our specialist areas allows us to serve our purpose of meeting the needs of the underserved and improve our overall mortgage proposition.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
