Press releases

Dudley Building Society joins Legal & General Mortgage Club.

Martyn Smith - Head of Mortgage Products - Legal & General
Martyn Smith
Head of Mortgage Products
Legal & General

01 March 2012

Martyn Smith - Head of Mortgage Products - Legal & General
Martyn Smith
Head of Mortgage Products
Legal & General

Legal & General are pleased to announce that Dudley Building Society has joined the Mortgage Club.

The club whose members include specialist mortgage intermediaries, IFA's and Legal & General's business partners, is one of the largest mortgage distribution networks in the country and this new deal ensures that advisers can benefit from the Dudley's competitive and comprehensive product range.

Dudley Building Society has been providing mortgages and other financial services to customers living in the West Midlands area for over 150 years. Dudley has been an independent mutual society since 1858 and has unrivalled local knowledge used to benefit the needs of their customers.

To celebrate the launch, Dudley are offering two 2 year discounted products up to 75% LTV exclusively for Mortgage Club members.  The current rates are 2.75% with a £995 arrangement fee and 3.24% with no fee.  Both products are available for purchase and re mortgage.

Martyn Smith, Head of Mortgage Products, Legal & General Mortgage Club said:

"I am delighted to welcome Dudley to the Mortgage Club. Their knowledge of the local communities they serve and ease of doing business, such as their flexibility of approach to underwriting, means that Mortgage Club members now have access to an established and respected player in the mortgage market that will work with them to best meet the needs of their customers."

Tim Taylor, Commercial Director, Dudley Building Society said:

"We are excited to be joining the Legal & General Mortgage Club.  We believe club members will enjoy benefiting from the service on offer at the Dudley, from the friendly personal service, through to our flexible underwriting and ability to make quick decisions. We are proud to broaden our association with Legal & General and we look forward to working with members to make Dudley Building Society mortgages available to a wider audience."

Notes to editors

The information contained in this press release is intended solely for journalists and should not be relied upon by private investors or any other persons to make financial decisions.

The Legal & General Group, established in 1836, is one of the UK's leading financial services companies. As at 30 June 2011, we were responsible for investing £370 billion worldwide on behalf of investors, policyholders and shareholders. We also had over seven million customers in the UK for our life assurance, pensions, investments and general insurance plans.

For more information visit.www.legalandgeneral.com/mortgageclub/

 

Full details of Products listed below
CODEPRODUCTCURRENT RATEMIN/MAX ADVAPRMAX LTVEARLY REPAYMENT CHARGE (ERC) OVERPAYMENT CHARGE (OC)FEES/
INCENTIVES/NOTES
AVAILABLE FOR ADDITIONAL BORROWING
PURCHASE AND REMORTGAGE (REMORTGAGE MAX 80% LTV)
DS1252.24% Two Year Discount2.75%£25,000
-
£250.000
4.8%75%
(Inc Arr.
Fee)
ERC: 2% of advance first 2 years
OC: None
£995 Arrangements
Fee
Term 1-30 Yrs
Yes
DS1261.75% Two Year Discount3.24%£25,000
-
£250.000
4.8%75%ERC:2% of advance first 2 years
OC: None
Term 1-30 YrsYes

For more information please contact:

Alyson Bowcott

Alyson Bowcott
PR Manager, Legal & General Group

t: +44 (0) 20 3124 2092
m: +44 (0) 7764 582574
e: alyson.bowcott@landg.com



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