Dudley launches ERC free discount terms

Dudley Building Society has launched a selection of discount rate mortgages with no early repayment charge options.

Dudley Building Society has launched a selection of discount rate mortgages including products with no early repayment charge.

The society's 60% loan-to-value rates stand at 3.29% with no early repayment charge, or 2.99% with an early repayment charge of 3% of the advance amount in the first three years.

To 80% LTV rates stand at 3.69% with no charge and 3.49% with the ERC charge.

Jonathan Moore, head of credit at Dudley Building Society, said: “We have already launched 15 new products since New Year and with these new discounted products, we are offering even more choice by including non ERC alternatives, which gives a degree of flexibility to clients which is still quite rare in the market.

“Societies like the Dudley continue to provide the narrative of innovation and forward thinking which is vital to a modern lending market.”