Dudley introduces new buy-to-let deals

Published on

The Dudley Building Society has launched new buy-to-let products, with four discounted rate and four fixed rate options covering purchase and remortgage.

The intermediary lender has already this year improved criteria, including the scrapping of upper age limits across its whole range.

Product features include:

Discounted rate:

  • Up to 70% LTV – 3.99% (1.5% discount from BTL SVR) purchase and remortgage
  • Rental coverage 125% for houses / 140% for flats
  • Up to 75% LTV – 4.24% (1.25% discount form BTL SVR) purchase and remortgage
  • Rental coverage 130% for houses / 140% for flats

Fixed rate:

  • Up to 70% LTV – 4.24% (3 year fixed rate) purchase and remortgage
  • Rental coverage 125% for houses / 140% for flats
  • Up to 75% LTV – 4.49% (3 year fixed rate)) purchase and remortgage
  • Rental coverage 130% for houses / 140% for flats

General features:

  • £25,000 to £500,000 loan size
  • 5-35 year term
  • C+I or interest-only
  • Free valuation and fee assisted legals for remortgages

Jonathan Moore, the Dudley’s head of credit, said: “These new products provide important funding options for landlords with fixed and discounted rate options. Our maximum loan size on buy-to-let has been increased to £500,000 and with no upper age limits on any of our mortgage range, we believe that we have a range of buy-to-let products which will be very popular with our introducers.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Square 1 Media announces May Mortgage Market Debate

Square 1 Media is to hold its next Mortgage Market Debate on Wednesday, 21 May,...

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...

Atom bank breaks Near Prime record

Atom bank has reported another record-breaking month for Near Prime activity. Over the course of...

Berkeley Alexander appoints new BDM

General insurance provider Berkeley Alexander has announced the appointment of Grant Robinson as a...

Other news

Lenders must step up on high LTV products

Things are on the up for borrowers with a smaller deposit. The financial information...

Square 1 Media announces May Mortgage Market Debate

Square 1 Media is to hold its next Mortgage Market Debate on Wednesday, 21 May,...

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...