The Dudley mortgage range is available via our fees free specialist mortgage packager team or via our direct to lender mortgage club. Their latest product information is available here and their criteria details are available here (but is password protected so contact us or Dudley for further details).
Lender announcement
We’ve introduced a First Homes product to our range
We’ve launched a brand new mortgage product to support the First Homes Scheme.
With house price growth outstripping incomes and with first-time buyers representing around 50% of all mortgages, there is a growing demand for the scheme.
The First Homes scheme is a government initiative that will enable local first-time buyers and key workers across England to purchase a new-build home, at a minimum discount of 30% against the market value. The scheme involves the building of new homes specifically to be sold at a discount, and these properties must be purchased by first-time buyers.
The First Homes Scheme aligns with the Society’s commitment to helping your clients who may be struggling to obtain a mortgage to buy their first home. More information about the scheme can be found here.
The product we’ve launched is a Five Year Fixed Rate product with a rate of 2.99%. The LTV of the product is 90% of the discounted price, with a maximum loan size of £225k for everywhere except London, where the maximum loan size is £378k.
| Product Name | Product Code | Rate | LTV | Min/Max Loan | ERC | |
| 2.99% Five Year Fixed First Homes | 10112 | 2.29% | 90% of the discounted price | £25K/£225k (£378K in London) | 3% of the current balance for the first two years and 1% for the remaining three years | |