Dudley Building Society has lifted the discounts and the loan to values range on its Right to Buy products.

The mutual says the product now enjoys a larger discount for term of 1.20%, from 1.00%, from the standard variable rate of 4.99%, and is currently set at 3.79%.

The LTV has been raised to 85%, a 100% of the discounted purchase price, from 80% LTV.

These mortgages are available from £25,000 to £500,000, along with a £400 cashback on completion.

The lender adds that an advanced product is also available on a discount for term basis at the same rate as above, at up to 85% LTV.

Dudley Building Society chief executive Jeremy Wood says: “Since Right to Buy were changed in 2012/13, over 85000 homes have been purchased by tenants, but it is an area which has tended to slip beneath the radar of many advisers as a source of new business.

“We believe that Right to Buy represents a sizeable niche for introducers to become involved in and by revamping our proposition we are confident that our introducers will make the most of their opportunities to expand their activity in this underserved area of the property funding market.”

In April, the lender revamped its website, which also saw it move its brokers portal within its overall member’s pages.

The mutual said its intermediatory site was now accessible from the main homepage, which allowed advisors to “quickly find the information and documents they need on any medium, including phone and tablet”.