The Dudley Building Society has relaunch of its shared ownership and Right to Buy schemes.

Both 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 and the Right to Buy LTV set at 100% of the discounted purchase price, 80% of value.

The Right to Buy product also has £400 cashback payable to the borrower at completion.

Sam Ward (pictured), commercial director at the Dudley, said: “We are delighted to be able to reinstate our popular Right to Buy and shared ownership schemes as part of our phased product expansion.

“We had been monitoring a growing demand among our introducers for Right to Buy 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.”