The Dudley BS boosts BTL and self build ranges

Published on

The Dudley Building Society has unveiled new buy-to-let and self build products.

The new buy-to-let product has a lower two year-fixed rate basis, while the new self build products deliver a revised maximum loan size of £1 million.

The Dudley’s commercial director, Sam Ward (pictured), said: “We are delighted to announce the latest enhancements to our buy-to-let and self build products. Not only does the new fixed rate buy-to-let product benefit from a lower rate, but it also provides a solution to borrowers who buy a new principal residence while renting out their existing property and have attracted a SDLT surcharge.

“With our new fixed rate product which has an ERC of only two years, customers still have the option of selling before the end of year three to claim back the surcharge.

On the self build side, we have increased our maximum loan to £1 million as research has shown that there is increasing demand for self build products with larger loan sizes.”

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...