Dudley Building Society has launched a refreshed range of 2- and 5-year fixed and discount products across residential, buy-to-let, holiday let and expat lending.
These products are designed to support a wide mix of cases, from first-time buyers and home movers to expats returning to the UK and landlords expanding or reshaping portfolios.
The Society says that the updated fixed-rate options give more stability for borrowers planning ahead.
MAKING A DIFFERENCE
Rob Oliver (main picture), distribution director at Dudley Building Society, said: “We have looked at the data across our book, listened to what brokers told us in meetings, and have shaped this new range around the areas where we knew we could make a real difference.
“That includes more depth in our expat line for clients returning to the UK, and buy-to-let and holiday let choices that reflect where demand is growing.
“Every product has been shaped with real cases in mind, and we hope this gives brokers more confidence when matching a client’s plans to the right route.”
Highlights of the new range includes:
Residential
- Residential 2-year fixed – 75% LTV – at 5.45%.
Expat
- Expat residential 2-year fixed – 65% LTV – at 5.85%.
- Expat residential 5-year fixed – 65% LTV – at 5.65%.
Buy-to-let
- BTL 2-year fixed – 80% LTV – at 5.70%.
- BTL 2-year discount – 70% LTV – with a discounted rate of 2.99% from our standard variable rate.
Holiday Let
- Holiday let 2-year fixed – 80% LTV – at 5.90%.
- Holiday let 5-year fixed – 80% LTV – at 5.80%.
Arrangement fees start from £499 on residential fixed products, with £999 and £1,999 applied across expat, and £750 and £1499 applied across buy-to-let and holiday let options depending on term and LTV. All fees can be added to the loan where the maximum LTV is not exceeded.
Across the range, borrowers can repay up to 10% of the loan amount each year without charge, giving brokers more flexibility when advising clients who want room to reduce balances during the initial term.
