Dudley Building Society launches skilled worker visa homeloans

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Dudley Building Society has launched a skilled worker visa range.

The homeloans will be available more widely after an earlier pilot scheme.

Dudley will consider applicants who have at least 12 months residency in the UK and 12 months left on a skilled worker visa.

Applicants must also have a minimum income of £30,000 and be looking for properties with a maximum LTV of 90%.

Gifted deposits will be accepted for up to 50% of the total deposit, and any country of origin will be considered, as well as a wide range of professions.

Dudley will consider more complex cases through a personalised assessment.

The society has also introduced a new product range designed for skilled worker visa clients.

These include a two-year and five-year fix at 80% LTV, both at 5.45%, and a two- and five-year fix at 90% LTV, both at 5.70%.

All products have a £999 arrangement fee and early repayment charges. Borrowers can repay up to 10% each year without penalty. All products are available on a capital and interest-only basis.

Dudley Building Society distribution director Rob Oliver (pictured) said: “We have seen consistent interest from brokers supporting clients on skilled worker visas. By expanding this proposition to the whole market and refreshing our products, we want to give brokers a clear framework to work within and a straightforward route to place these cases.”

Earlier this week Dudley launched a refreshed range of two- and five-year fixed and discount products across residential, buy-to-let, holiday let and expat lending.


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