Dudley launches mortgage for borrowers missing out on stamp duty holiday

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The two-year fixed rate deal offers £1,000 cashback which can be used to offset the cost of the stamp duty payment.

With a rate of 3.99% and available for a maximum loan-to-value (LTV) of 80% the mortgage has no arrangement fee and also comes with a free valuation. There is a minimum loan requirement of £200,000.

Sam Ward, commercial director for Dudley, said: “With uncertainty still looming over the stamp duty holiday deadline and a range of potential solutions currently being debated, we are pleased to announce the launch of our new Stamp Duty product.

“This is a great opportunity for advisers to support clients who would like to get a house purchase through amid the uncertainty surrounding the stamp duty deadline.

“For those borrowers who may miss out, the £1,000 cashback, included as part of the release of funds, can be used to offset stamp duty payments or anything else the borrower may choose.”