Dudley Building Society has launched new shared ownership and Right to Buy products.

The mutual began a phased return to lending at the end of August.

Both products are priced at 3.99 per cent as they track Dudley’s standard variable rate of 4.99 per cent at a 1 per cent discount for the term of mortgage.

The maximum loan-to-value for the shared ownership deal is 90 per cent of the borrower’s share of the purchase price.

For the Right to Buy product the maximum LTV is 100 per cent of the discounted purchase price or 80 per cent of the property value.

There are no arrangement fees and the Right to Buy product pays £400 cashback on completion.

Dudley commercial director Sam Ward says: “We are delighted to be able to reinstate our popular Right to Buy and shared ownership schemes as part of our phased product expansion.

“We had been monitoring a growing demand among our introducers for RTB and shared ownership products, which is why we decided to relaunch them first, ahead of other specialist niche areas. 

“In the coming weeks we will be announcing new initiatives aimed at other specialist channels as Dudley continues to expand its offering exclusively through the broker market.”