Dudley BS cuts Self-E mortgage rates

The Dudley Building Society has reduced the costs of its self employed specific mortgage deals, aimed at clients the Society feels are being ignored by mainstream lenders.

Related topics:  Mortgages
Rozi Jones
11th May 2015
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The new pricing sees rates for customers with only one year or two years’ accounts fall by 0.5% along with a reduction of £500 in fees.

Headline rates across the Self-E range are:

3.99% for clients with one year’s accounts
3.55% for clients with two years’ accounts
3.29% for clients with three years accounts

These are available at 90% LTV for those with three years accounts and 75% for those with one to two years accounts. The minimum loan amount is £25,000 with a maximum of £350,000 and a reduced fee of £995.

Jeremy Wood, Chief Executive at the Dudley, said:

"The market for self employed clients is growing and we are keen to be able to provide greater support for the intermediary community. The new pricing represents our commitment to ensuring that self employed customers have access to strongly priced products backed up by our personal service.”

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