Headline rates across the Self-E range are:
- 3.29% (1.7% SVR discount) with three years accounts
- 3.99% (1% SVR discount) with two years accounts
- 4.49% (0.5% SVR discount) with one 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 fee of £1,450.
This product launch signifies an important component in the Society’s developing strategy to provide support for applicants who are being turned away from other sources because they do not fit the current box ticking, one size fits all underwriting model.
Jeremy Wood, Chief Executive at the Dudley said:
"The new product is designed to show our introducers that the Society’s support for the self employed is more than just a sound bite. Many lenders pay lip service to their concern for the self employed applicant but our product is in place for brokers to offer self employed clients a real alternative designed specifically with them in mind.
“Along with our strong standard product range, our aim this year is to give advisers lending options for clients whose circumstances are being ignored and over the next few months we will be making new announcements as we seek to provide innovative and sensible solutions to the more common lending issues.”
