Dudley Building Society has expanded access to its residential large loan mortgage range to all brokers, previously limited to a select few.
The society offers large loans ranging from £1m to £2.5m for both purchase and remortgage. Rates start at 6.19% for the Discount for Term Large Loan product, with up to 75% loan-to-value (LTV) on a repayment basis and 70% LTV for interest-only.
These mortgages are also available to expats, where one or more applicants reside outside the UK, and the property will be used by the borrower’s family or the borrower when in the country. The society accepts income from various countries and over 160 currencies.
For expats, rates start at 6.49% for the Expat Residential Discount for Term Large Loan product, also with up to 75% LTV on a repayment basis and 70% LTV for interest-only.
Robert Oliver, distribution director at Dudley Building Society, said: “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.”
