Intermediary news roundup – May 2024

Welcome to our news round up for May 2024. Have a look through what we’ve been up to and where we’ve been!

This month, we’re thrilled to share insights into our latest ventures, from innovative lending strategies and significant rate reductions to making our large loan product accessible to all brokers. Plus, we’ve participated in many exciting events.

 

In the Press

Throughout May, we have seen a lot of articles published. Here is a selection.  

 

Self-Build Case Study

Dudley Building Society and self-build brokerage Mayflower Mortgage And Finance Ltd completed a £1.4 million self-build remortgage,  demonstrating the Society’s flexibility on construction type and its ability to make sensible lending decisions.

The £1,371,000 remortgage was for a Cotswolds-based property with a final valuation of £2.5 million.

The property is unique in that it features a steel portal frame with timber, framed with over 75% steel cladding to elevations, along with the roof clad in steel profile sheeting.

Check out the full article here.

 

Mortgage Rate Reduction

On the 28th of May , Dudley Building Society made a series of significant rate cuts across its residential, buy-to-let (BTL), holiday let, expat, and self-build mortgages.

Our distribution director Robert Oliver said: “We are excited to be making significant rate cuts across our mortgage range.

“These reductions, combined with our flexible and personal approach to underwriting, and our dedication to maintaining our service levels, means we can support more brokers and their clients. 

“This marks our second rate cut of the year as we continue to offer brokers competitively priced specialist mortgages.”

You can read the full story here. 

 

Large loan mortgages launch to whole-of-market

Dudley Building Society have now made their residential large loan mortgage range accessible to all brokers.

 Our Distribution Director, Robert Oliver 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 human 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."

Read the full story on our website here: 

 

Solicitor Panel List

Currently, each week, we upload an updated solicitor panel list to our website to forward you on with our trusted panel of solicitors and get the expert legal advice you need. 

This list can be downloaded on the Important Documents page on our website.

Events and Conferences

We’ve hosted two web shows/ webinars – find out more:

 

Specialist Mortgage Web Show

Our Key Account Manager, Cavina Harrison, attended this event, where she shared valuable insights with intermediaries about specialist lending areas. Her participation was highlighted across our social media channels.

 

L&G Mortgage Club Webinar

Later in the month, our Key Account Manager, Sarah Rose hosted her webinar, Complex Lending. She provided valuable insights into new lending products and strategies aimed at enhancing service delivery to clients. This was shared across all our social channels.