They are also accessible to expats
Dudley Building Society has announced expanded access to its residential large loan mortgage range to all brokers.
Previously, the building society’s large loan mortgages were limited to a select group of brokers. The products are now available to the broader intermediary market.
The mutual offers residential large loans ranging from £1 million to £2.5 million for both purchase and remortgage. Rates start at 6.19% on the Discount for Term Large Loan product, which is available up to 75% loan-to-value (LTV) on a repayment basis and 70% LTV for interest-only.
The large loan mortgages are also accessible to expatriates. This applies when one or more applicants reside outside the UK, and the property will be occupied by the borrower’s family or the borrower themselves when in the country. Income from a wide range of countries and over 160 currencies is accepted.
For expats, rates start at 6.49% on the Expat Residential Discount for Term Large Loan product, available up to 75% LTV on a repayment basis and 70% LTV for interest-only.
“We are thrilled to open up our large loan mortgages to the wider intermediary market, giving all brokers access to our products,” said Robert Oliver (pictured), distribution director at Dudley Building Society.
“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.”
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