MCI Mortgage Club has announced Dudley Building Society as the latest lender to join its panel.
Dudley offers a wide range of mortgage products on loans up to £1m at 85% LTV and there is no minimum income requirement. The society will also consider interest-only mortgages up to 75% LTV with the sale of the borrower’s main residence accepted as an exit strategy.
Products are available for right-to-buy and shared ownership as well as joint mortgage, sole proprietor. Residential mortgages are also on hand for ex-pats and foreign currency is accepted.
The society’s offering also mean up to four borrowers can apply for one mortgage using all four incomes and for the self-employed, only one year’s worth of accounts is needed. In the buy-to-let market, both regulated and non-regulated loans are available as well as holiday lets, and Dudley also specialises in self-build and custom build products.
“Dudley is a great addition to our lender panel as it is versatile with its mortgage products and criteria,” commented head of MCI Mortgage Club, Melanie Spencer. “Dudley uses manual underwriting and lending decisions are not made on credit scores therefore it can be very flexible with borrowers.”
Dudley business development manager, Samuel Lea, added: “MCI Club provides its advisers with a strong proposition, particularly with their investment in technology which helps streamline the customer journey and makes processing more efficient.
“We are therefore delighted to be joining MCI to bring our particular brand of engagement, highlighted by our extensive product offering, human underwriting based on each individual’s circumstances and ongoing customer support.”
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