The Dudley Building Society has unveiled a new range of discounted rate products aimed at providing funding for buyers and owners of listed buildings with the rate discount lasting for the lifetime of the loan.
The listed building product range includes three products aimed at Grade 1, Grade 2* and Grade 2 property.
Product details include:
Grade 1, Grade 2* and Grade 2 properties
- Up to 70% LTV
- 3.99% variable (1% discount off SVR for life of loan)
- 5-25 years (Grade 1 to max 20 years)
- Overpay up to 10% of advance for first three years
- Capital & Interest
Grade 2* and Grade 2 properties
- Up to 75% LTV
- 4.24% variable (0.75% discount of SVR for life of loan)
- 5-25 years
- Overpay up to 10% of advance for first three years
- Capital & Interest
Grade 2 properties
- Up to 80% LTV
- 4.24% variable (0.75% discount of SVR for life of loan)
- 5-25 years
- Overpay up to 10% of advance for first three years
- Capital & Interest
Jeremy Wood, chief executive of the Dudley Building Society, said: “The Dudley is nothing if not innovative in its approach to lending and this is a niche which our research told us was under represented. We believe it is important to support customers who, by occupying these culturally important properties, are helping to keep alive vital parts of our shared heritage.
“The products we have designed are made more attractive as the discount on the rate we offer extends to the end of the mortgage.”
