Dudley goes nationwide with new products
Highlights from the new range include a 2-year discounted rate at 2.29% for a maximum loan to value of 75% and a 3-year fixed rate at 4.39% for up to 90% LTV.
Jeremy Wood, chief executive at Dudley Building Society, said: “Up until relatively recently we were a little concerned that we did not want to be flooded out and deal with large volumes.
“But the market has changed significantly over the past few months and availability of finance is much better, so we thought instead of making our lending restrictive let’s make it available to all comers.”
Wood said the society has introduced its new discounted rate product as it believes that interest rates will remain static for the time being.
Wood added: “We feel that a competitive discounted rate offers borrowers real choice and our 2-year discounted rate will provide them with a cost-effective option for their mortgage.
“Of course fixing will have its advantages for some and we are also launching a new 3-year fixed rate mortgage.”