Dudley Building Society changes expat and Right to Buy range

Michael Lloyd

April 10, 2018

Dudley Building Society has made changes to its expat range, launched products for professionals and reduced rates on it Right to Buy product with cashback.

For professionals, including those in the process of qualifying, the deal is priced at 3.79% with a fee of £1,000 and is available up to 90% LTV.

For expats, the deal is priced at 3.99% with a 1% fee and is available up to 75% LTV. The Right to Buy deal is priced at the same rate without a fee and is available up to 95% of the discounted purchase price.

Sam Ward, head of lending at Dudley, said: “We constantly look at how we are able to improve our offer to our intermediary partners.

“We are seeing impressive inflows across all areas of our business especially from older and self-employed borrowers.

“Our expat offer was slightly out of line with the market so we made some changes following a thorough review of our range.

“The ‘professionals’ mortgage concept was created to support those that are part way through professional qualifications were looking to secure finance now with a guarantor with the expectation to have a step change in earning potential and flexibility in a few years’ time once fully qualified.

“We thought we needed to respond with flexibility in mind by removing overpayments and ERC limitations after 12 months.”

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