Dudley issues new 85% LTV products | Mortgage Strategy

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Dudley Building Society has launched five 85 per cent LTV products in both fixed-rate and discounted forms, for purchase and remortgage.

The two-year fix comes in at 3.79 per cent, the three-year fix at 3.84 per cent and the five-year fix at 3.89 per cent.

Meanwhile, there is a two-year discount at an initial rate of 3.79 per cent for capital and interest repayment as well as a part-and-part discount for term product with an initial rate of 3.94 per cent.

This is structured as 75 per cent interest-only and 10 per cent capital and interest repayment.

All the loans above have a minimum size of £25,000 and a maximum of £1m.

Dudley commercial director Sam Ward says: “We have listened to our introducers whose customers are looking for higher LTVs and we have responded positively with these new products… it all adds up to another comprehensive offering from the Dudley in support of the intermediary market.”


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