Dudley Building Society launches large loan mortgages to whole-of-market

Dudley Building Society has made its residential large loan mortgage range accessible to all brokers.

Up until now, access to the building society’s large loan mortgages had been limited to an exclusive number of brokers. However, it has now opened up the products to the wider intermediary market.

Dudley Building Society offers residential large loans ranging from £1m to £2.5m, available for both purchase and remortgage.

Rates start at 6.19% on the Discount for Term Large Loan product, which goes up to 75% LTV on a repayment basis and 70% LTV for interest-only.

Its large loan mortgages are also available for Expats, where one or more of the applicants are residing outside of the UK, and the property will be lived in by the borrower’s family, as well as by the borrower themselves when in the country.

Income derived from a wide range of countries and in over 160 currencies is accepted by the society.

For Expats, rates start at 6.49% on the Expat Residential Discount for Term Large Loan product, which also goes up to 75% LTV on a repayment basis and 70% for interest-only.

Robert Oliver, Distribution Director at Dudley Building Society, commented: “We are thrilled to open up our large loan mortgages to the wider intermediary market, giving all brokers access to our products.

“Our large loan mortgages are a perfect fit for high-earning individuals who require a personalised and flexible approach from their mortgage lender.

“We take pride in our manual approach to mortgages, which enables us to assist borrowers with complex situations and incomes. We  look forward to helping brokers and their clients with their large loan mortgage needs.