Dudley Building Society has launched two new two-year discount mortgage products for buy-to-let and holiday let borrowers.

These products offer rate cuts of up to 77 basis points (bps).

The buy-to-let two-year discount product offers a rate at 5.48% (previously 6.25%) and is available up to 80% LTV. With an arrangement fee of £750, it also allows borrowers to repay up to 10% of the advance amount annually without penalty. For early repayment beyond this limit, an ERC of 1% applies in the first year and 0.5% in the second year.

The product is suitable for both purchase and remortgage purposes, supporting loan sizes between £25,000 and £1,000,000.

The holiday let two-year discount has the same discounted rate of 5.48% (previously 6.25%) and is also available up to 80% LTV with a £750 arrangement fee.

It includes the same flexibility, allowing up to 10% of the advance amount to be repaid annually without penalty, and an ERC of 1% in the first year and 0.5% in the second year for early repayments exceeding the limit.

Designed for holiday let investors, this product supports loan sizes from £25,000 to £1,000,000 and is available for both purchases and remortgages.

OPTIONS

Borrowers can choose between capital & interest or interest only repayment methods on both products.

“These discounted rates, combined with flexible repayment options, empower our customers to make the most of their investments”

Robert Oliver, distribution director at Dudley Building Society, said: “The introduction of our new buy-to-let and holiday let products marks another important step towards supporting landlords and holiday let investors with options that meet their specific needs.

“These discounted rates, combined with flexible repayment options, empower our customers to make the most of their investments.

“At Dudley Building Society, we’re focused on delivering innovative and accessible solutions for brokers and their clients, ensuring they have the tools to succeed in a competitive market.”