The Dudley Building Society has launched a mortgage aimed at purchasers who are unlikely to complete their transaction before the 31 March stamp duty deadline expires.

The new two-year fixed rate mortgage has no arrangement fee and a free valuation.

It is priced at 3.99% and comes with £1000 cashback.

The maximum loan to value is 80% and the minimum loan is £200,000.

Sam Ward, the Dudley’s commercial director, said: “With uncertainty still looming over the stamp duty holiday deadline and a range of potential solutions currently being debated, we are pleased to announce the launch of our new Stamp Duty product.

“This is a great opportunity for advisers to support clients who would like to get a house purchase through amid the uncertainty surrounding the stamp duty deadline.

“For those borrowers who may miss out, the £1,000 cashback, included as part of the release of funds, can be used to offset stamp duty payments or anything else the borrower may choose.”