Dudley Building Society has launched a new suite of two and five-year fixed-rate products across residential, buy-to-let, holiday let and expat lending, in a move designed to widen choice for brokers and their clients.
The updated range includes a two-year residential capital and interest mortgage at 5.40% to 65% loan-to-value (LTV), and an interest-only option at 5.70% to 75% LTV. For landlords, the society is offering a five-year buy-to-let product at 5.95% up to 70% LTV, alongside a holiday let equivalent at 6.10%. Expat landlords can access a five-year fixed at 6.40% to 70% LTV.
Arrangement fees are set at £499 for two-year fixes and £1,499 for five-year deals, with the exception of the expat product which carries a £1,999 fee. All fees can be added to the loan provided the LTV cap is not exceeded.
Early repayment charges stand at 3% and 1% for the two-year range, and 4%, 3%, 2% and 1% over the five-year term.
The new products are intended to give brokers a greater spread of fixed-rate solutions, from homeowners seeking short-term stability to landlords and expats looking to lock in for the longer term.
By offering both capital and interest and interest-only options, the society aims to cater to different repayment strategies, while strengthening its holiday let and expat proposition.
Rob Oliver (pictured), distribution director at Dudley Building Society, said: “Brokers have been clear that they want more fixed-rate options they can rely on, especially for cases involving landlords, holiday lets and expat borrowers.
“With these new products, we’re making it easier for brokers to support their clients, keeping the process straightforward and free from unnecessary hurdles.
“Our role is to take a flexible, common-sense approach so brokers can focus on building relationships and getting deals over the line.”
Based in the West Midlands, Dudley Building Society offers loans from £25,000 to £2.5 million and is known for its manual underwriting and willingness to support complex cases.