Dudley launches its lowest ever fix

Nia Williams

May 7, 2013

The Dudley will now be offering a 2.49% 2-year fixed rate for up to 75% loan to value. The product has a £495 fee and is available for both home purchase or remortgage.

The society has also repriced its buy-to-let mortgage and launched a new shared equity product.

Jeremy Wood, Dudley Building Society chief executive, said: “Dudley Building Society’s mortgages are always designed to meet the needs of existing members and prospective new borrowers. Our new fixed-rate mortgage reflects market demands.

“We have also repriced our buy-to-let mortgage to offer a lower rate and our new shared equity mortgage is aimed at first-time buyers and home movers and demonstrates our support for the measures announced in the March budget to provide a greater variety of assistance to those looking to purchase their own home.”

The Dudley also revealed that it has seen an increase in mortgage lending during April following the lifting of its geographical restrictions in February.

In March and April the society received £11m in gross mortgage applications compared with £4.4m in the two previous months.

Wood added: “The increase in the Dudley’s mortgage lending reflects our renewed focus in providing strong products allied with peerless levels of customer service.”

Dudley Building Society’s new mortgages are available by contacting the society direct or via selected distribution partners.

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