Dudley Building Society has announced the relaunch of its shared ownership and Right to Buy (RTB) schemes.
Both of the intermediary focused specialist lender’s products offer a 1% discount from the standard variable rate of 4.99% for the term of the mortgage with no arrangement fees.
The LTV for the shared ownership option is up to 90% of the share while the RTB LTV is set at 100% of the discounted purchase price, and 80% of value. Dudley also highlighted that the RTB product has £400 cashback payable to the borrower at completion.
“We are delighted to be able to reinstate our popular RTB and shared ownership schemes as part of our phased product expansion,” Dudley commercial director, Sam Ward, commented.
“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.”
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