New products cater to residential, expat, and BTL borrowers
Dudley Building Society has introduced a new suite of two-year fixed rate mortgage products, aimed at residential, expat, and buy-to-let borrowers requiring competitive rates and flexible repayment options for both purchase and remortgage.
For residential borrowers, the mutual is offering a 5.19% two-year fixed rate mortgage up to 65% loan-to-value (LTV) with a £499 arrangement fee. Borrowers can repay up to 10% of the loan amount annually without incurring early repayment charges. A similar product at a 5.34% fixed rate is available for loans up to 75% LTV. Both options accommodate loan sizes between £25,000 and £1,000,000 on a capital and interest repayment basis.
Expat borrowers can access two residential fixed rate options: a 5.79% rate up to 65% LTV and a 5.94% rate up to 75% LTV. Both products include a £999 arrangement fee, offer the flexibility to repay up to 10% of the advance annually without penalty, and are available for loan amounts between £25,000 and £1,500,000. Borrowers can choose between capital and interest or interest only repayment methods.
For expat landlords, a 5.99% expat buy-to-let two-year fixed rate is offered up to 65% LTV. This product supports loan sizes ranging from £25,000 to £1,000,000 and provides similar flexibility in repayment terms.
Buy-to-let investors can also benefit from a 5.70% two-year fixed rate up to 70% LTV with a £750 arrangement fee. Loan amounts range from £25,000 to £1,000,000, with options for either capital and interest or interest only repayment structures.
In October, Dudley Building Society has launched a range of five-year fixed rate mortgage products, targeting a wide array of borrowers, including homebuyers, expats, landlords, and holiday let owners. It also recently launched two new two-year discount mortgages for buy-to-let and holiday let borrowers.
“Borrowers’ needs are becoming increasingly diverse, and we’re proud to introduce a range of two-year fixed rate products designed to support a variety of requirements, from residential homeowners to expat and buy-to-let investors,” said Robert Oliver (pictured), distribution director at Dudley Building Society. “These products are tailored to provide flexibility and competitive terms, ensuring our customers can confidently navigate today’s marketplace.
“With rising demand for bespoke lending solutions, we’ve focused on creating options that address the unique circumstances of our borrowers. These new offerings give advisers more tools to deliver positive outcomes for their clients, whether they’re purchasing a property or coming to the end of their current deal.”
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