Features of the new product include a 2.99% rate fixed for two years, up to 90% LTV, with a maximum loan size of £1m, depending on the loan to value. The product is available for both purchase and remortgage.
Jonathan Moore, Head of Credit, at Dudley Building Society, said:
“Thanks to the strong relationship between Dudley BS, SMS and Openwork, this exclusive product is the result of close collaboration, based on the feedback collected by SMS from Openwork members. We are looking forward to further increasing our business with SMS and also supporting the needs of Openwork advisers.”
Ian Balfour, CEO at SMS commented:
“This product initiative demonstrates the value of close relationships between lenders and distributors. Dudley BS has been particularly receptive in helping us fashion a great product for Openwork members, which they have actively asked for. I am sure this will be only the first such collaboration between us."
