Dudley Building Society has introduced two new five-year fixed-rate products for expat buy-to-let borrowers, alongside rate cuts of up to 81 basis points across its existing range.
The new products are available up to 80% loan-to-value and give brokers greater flexibility when supporting landlords living overseas. The lender’s 70% LTV five-year fixed rate has been reduced from 6.40% to 5.59%, while a new 80% LTV option is priced at 5.89%.
Both are available on capital and interest, interest-only or part-and-part terms.
Each carries a £1,999 arrangement fee and an early repayment charge starting at 4% and tapering to 1% over the five-year term. Borrowers can make annual overpayments of up to 10% without penalty.
The latest changes mark a further refinement of Dudley’s expat buy-to-let proposition, aimed at offering brokers more competitive solutions for clients purchasing or remortgaging UK property from abroad.
Rob Oliver, distribution director at Dudley Building Society, said: “We’ve seen steady demand from brokers placing expat buy-to-let cases, and these new five-year fixed rates are a direct response to that.
“The rate reductions will help brokers provide better value options to their clients, while our manual underwriting approach means we can consider cases on their individual merits.
“For expat landlords, the combination of fixed payments and very reasonable product fee plus repayment features can offer both stability and control at a time when managing overseas investments can feel more complex.
“We’re continuing to build on our buy-to-let range to ensure brokers have practical, competitive options for every type of landlord.”
