Dudley Building Society has today announced the launch of three new remortgage products, two of which are designed especially for the self-employed.
The society also launched a discount mortgage deal for customers with large loans who are looking to refinance.
The new deals include:
Self employed with 1 year’s accounts
- 99% rate – 3 year discount of 1.00% from standard variable rate (SVR)
Self employed with 2 years’ accounts
- 55% rate – 3 year discount of 1.44% from SVR
- Free valuation
- Assistance with legals
- Max 75% LTV
- £25000 – £350000
- 5-35 year term
- Capital & interest only
- Overpayments of 10% pa can be made without penalty
Large Loan product
- 49% rate – 3 year discount 1.50% from SVR
- Free valuation
- Assistance with legals
- Max 75% LTV
- From £500000 to £1 million maximum loan
- 5-35 year term
- Capital & Interest only
- Overpayments of 10% pa can be made without penalty
Jeremy Wood, chief executive of Dudley, said, “With these new products we have aimed to provide choices for clients with large loans between £500000 and £1million seeking to remortgage, as well as cater for the self employed client, who, in my opinion has been largely sidelined by the market. Our belief is that the self employed provide a valuable service to the economy of the country and deserve to be supported by the industry. We are going to see a lot of remortgaging still this year and want to ensure our introducers have access to the best borrowing options we can.”
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