The Dudley has recently moved to concentrate mortgage distribution exclusively through the intermediary channel, and is now developing new niches for business to meet the needs of its intermediary clients.
The listed building product range includes three products aimed at Grade 1, Grade 2* and Grade 2 property.
Grade 1, Grade 2* and Grade 2 properties are available up to 70% LTV at 3.99% variable (1% discount off SVR for life of loan).
Grade 2* and Grade 2 properties are available up to 75% LTV at 4.24% variable (0.75% discount of SVR for life of loan).
Loans for grade 2 properties up to 80% LTV are also available at 4.24% variable (0.75% discount of SVR for life of loan).
Jeremy Wood, Chief Executive of the Dudley Building Society, commented:
“The Dudley is nothing if not innovative in its approach to lending and this is a niche which our research told us was under represented. We believe it is important to support customers who, by occupying these culturally important properties, are helping to keep alive vital parts of our shared heritage. The products we have designed are made more attractive as the discount on the rate we offer extends to the end of the mortgage.”
Rob Killeen, Business Manager at Capital Fortune, added:
“This new Listed Property product launch is yet further testament to the Society’s innovation and success. Whilst enabling a great many people to own and refinance historically important buildings, its virtues are firmly rooted at the heart of what Dudley does best – standing proud for the traditions and local communities for whom it was formed originally.”
