Dudley BS launches mortgages for the self-employed

Published on

The Dudley Building Society has launched a range of three year self employed specific mortgage deals, known as Self-E.

The deals are aimed at meeting the needs of the ever growing numbers of self employed borrowers currently being neglected by the larger lending community, it said.

The mutual said its pricing of the range reflects how many years’ accounts individual clients hold.

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.

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.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Landlord refinancing returns to record levels as fixed-rate deals expire

Buy-to-let refinancing has returned to a record high as landlords respond to the expiry...

Colin Sanders and Sundeep Patel to develop bridging proposition for Paragon

Paragon Bank has appointed Colin Sanders and Sundeep Patel to develop a bridging finance...

Atom bank issues 36% of near-prime mortgage offers on same day

Atom bank delivered 36% of its near-prime mortgage offers on the day of application...

Cambridge BS backs regional drive to tackle housing inequality

Cambridge Building Society is supporting a programme intended to bring businesses, philanthropists and civic...

Gen H cuts high-LTV mortgage rates by up to 40 basis points

Gen H has reduced rates across its high loan-to-value and New Build Boost mortgage...

Latest publication

Other news

Landlord refinancing returns to record levels as fixed-rate deals expire

Buy-to-let refinancing has returned to a record high as landlords respond to the expiry...

Colin Sanders and Sundeep Patel to develop bridging proposition for Paragon

Paragon Bank has appointed Colin Sanders and Sundeep Patel to develop a bridging finance...

Atom bank issues 36% of near-prime mortgage offers on same day

Atom bank delivered 36% of its near-prime mortgage offers on the day of application...