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Dudley BS adds resi and BTL deals in ‘phased return’ to market

Anna Sagar
Written By:
Posted:
January 6, 2023
Updated:
January 6, 2023

Dudley Building Society has brought out three mortgage products in a staggered return to the market.

The lender temporarily closed to new business in August citing heightened demand and high volume of applications for its specialist mortgage range.

The firm offers a range of products, including lending in and into retirement, self-employed, expat, holiday lets and shared ownership.

Dudley Building Society said that it has since been dedicated to improving its service levels and now has a 48-hour service level agreement (SLA) in place for each stage of the process.

The lender has brought out a residential, holiday let and buy-to-let product.

This includes a residential deal with a maximum loan to value of 90 per cent LTV which offers a 1.1 per cent discount on the residential Standard Variable Rate (SVR).

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The buy-to-let and holiday let products have a 0.75 per cent discount on their buy-to-let SBR with a maximum LTV at 80 per cent.

Affordability for holiday let deal is assessed on holiday let income.

 

Dudley: ‘Dedicated to maintaining 48-hour SLAs’

Prior to the launch of these deals, the mutual had launched a semi-exclusive expat product with a one per cent discount for terms and a maximum LTV of 80 per cent.

Robert Oliver (pictured), distribution director at Dudley Building Society, said “As we welcome the New Year, we are delighted to welcome our valued partners back to submit mortgage applications with us.

“Ensuring that we meet the service needs of our partners and their clients is our top priority as we move forwards, and we are dedicated to maintaining 48-hour SLAs.“

Oliver continued: “Our new range of products have been designed to meet the needs of a range of applicants, whether they are a first-time landlord looking to purchase their first buy-to-let property, or an expat with complex income purchasing a home for their family in the UK.

“We look forward to continuing to expand our product range to meet the needs of our partners.”