Sam Ward

3mc launches exclusive self-build product

3mc has launched an exclusive self-build product funded by Dudley Building Society.

The North West-based specialist lending packager serves as one of the building society’s intermediary partners and mortgage introducers.

3mc’s new product is available for purchase and remortgage and offers a discounted rate of 4.69% at a 0.8% discount from the society’s self-build variable rate, with LTVs up to 80% and a maximum loan of £500,000.

“Self-build is a small, but significant part of the market and one which requires specific expertise,” said Sam Ward, head of commercial at Dudley Building Society (pictured above).

“3mc has not only demonstrated its commitment to introducing quality business to the society over time, but is committed to working with us to develop the self-build proposition for the future.”

Doug Hall, director at 3mc, added: “We have a deep understanding of its criteria and have been continually impressed with the manner in which the society supports our brokers.

“Our positive working relationship has already resulted in the development of exclusive products, such as the five-year deal we already have in place, which is now complemented by this self-build exclusive.”

Leave a comment