Dudley Building Society was established in 1858, and ever since, it has been serving the people of the Black Country and surrounding areas. It is an independent and mutual society working for the best interests of its customers and not shareholders.

The Dudley provides 4 main types of mortgage:

3 Yr Discounted
Cashback
Flexible Discount
Stepped Discount

Discounted: your initial rate will be set at a discount off the Society’s residential standard variable rate for 3 years. A further discount is granted for mortgage advances below 80% LTV. After the discount period the mortgage will relapse to the residential standard variable rate.

There is no arrangement fee
This product is flexible, where you can make overpayment and payment holidays, though you have to check with the Society first
An early repayment charge applies within the discount period
You can borrow further funds at any time as long as you satisfy the Society’s rules

Cashback: your mortgage will be set at the Society’s residential standard variable rate. A further discount is granted for mortgage advances below 80% LTV. A Cashback sum is returned to you, the amount of which will depend on how much you borrow.

An early repayment charge applies for the first 5 years

Flexible Discount: your starting rate will be at a discount off the Society’s residential standard variable rate for the first 5 years, then it will revert to the Society’s long term borrower discounted variable rate for the rest of the mortgage term. The initial discount will not go beyond 1% above the Bank of England base rate.

This product is flexible, where you can make overpayment and payment holidays, though you have to check with the Society first
You can borrow further funds at any time as long as you satisfy the Society’s rules

Stepped Discount: this option is for re-mortgage, and your rate for the first 3 years is at a rising discount rate set off the Society’s residential standard variable rate. After the 3 year stepped discount period your mortgage will go back to the Society’s residential standard variable rate.

There is no arrangement fee
An early repayment charge applies for the first 3 years