Dudley cuts rates, fees across new self-employed range

Dudley Building Society is reducing the rates and fees in its new mortgage range for self-employed borrowers.

The society says it is aiming to provide more options especially for customers who have difficulties to get a mortgage from mainstream lenders.

Dudley is lowering rates by up to 0.5 percentage points and cutting fees by £500 for customers with only one year’s or two years’ worth of accounts.

Highlights among the new self-employed mortgage deals include:

A 3.99 per cent rate for clients with one year’s accounts

A 3.55 per cent rate for clients with two years’ accounts

A 3.29 per cent rate for clients with three years’ accounts

These deals are available at 90 per cent loan-to-value (LTV) for customers with three years’ accounts and at 75 per cent LTV for those with one to two years’ accounts. The minimum loan amount is £25,000 with a maximum of £350,000 and a reduced fee of £995.

Jeremy Wood, Chief Executive at the Dudley comments:

“The market for self employed clients is growing and we are keen to be able to provide greater support for the intermediary community. The new pricing represents our commitment to ensuring that self employed customers have access to strongly priced products backed up by our personal service.”