Aim is to help individuals with long-term disabilities become homeowners
Dudley Building Society has launched a new mortgage product linked to the HOLD scheme, which supports borrowers with long-term disabilities to get on to the housing ladder.
The new product, which is an exclusive with HOLD mortgages advisor MySafeHome, tracks the SMI rate directly so that borrowers don’t need to top up their mortgage payments, and is available across the entire West Midlands region. HOLD is an acronym for home ownership for people with long-term disabilities.
Read more: Dudley partners with My Safe Home.
One mortgage borrower, who was born with a severe learning disability and developed epilepsy at the age of 17, obtained a HOLD scheme mortgage with Dudley.
“I love my flat,” she said, commenting on her apartment. “There are no stairs. My super carers come every day. I like my friends coming to see me.”
James Paterson (pictured), chief executive at the Dudley Building Society, spoke about their involvement, stating that the mutual is dedicated to supporting communities.
“The opportunity to provide mortgages for borrowers with long-term disabilities is something that we strive towards,” he said. “The impact that homeownership has for borrowers with long term disabilities is life-changing, as it provides them with valuable independence.”
David Abbey, managing director at MySafeHome, remarked that the launch of the new mortgage was a testament to Dudley Building Society’s commitment to support all members of the various communities it serves, especially people with disabilities.
