New products are available for residential, expat, BTL, and holiday let customers
Dudley Building Society has introduced a new range of five-year fixed rate mortgage products, targeting a wide array of borrowers, including homebuyers, expats, landlords, and holiday let owners.
The products, available for residential, expat, buy-to-let, and holiday let customers, offer loan-to-value (LTV) ratios of up to 90%, providing flexibility for those seeking financing for personal use, long-term rental income, or holiday property investments.
The residential five-year fixed rate mortgage offers a 5.28% interest rate for loans up to 75% LTV, and 5.34% for loans up to 90% LTV. Both options include a £999 arrangement fee, and borrowers can repay up to 10% of the advance annually without incurring penalties.
For expat borrowers, the mutual’s expat residential five-year fixed rate product offers rates of 5.44% for loans up to 75% LTV, and 5.49% for loans up to 85% LTV, with a £1,999 arrangement fee. Loans are available up to £1.5 million for either purchase or remortgage, with the option of capital and interest or interest-only repayment methods.
The buy-to-let and holiday let products are offered at a rate of 5.38% for loans up to 80% LTV, with a £1,499 arrangement fee. These products cater to both capital and interest or interest-only repayment options, with loans available up to £1 million.
For expat investors interested in BTL or holiday lets, the expat buy-to-let and expat holiday let five-year fixed rate products come with a rate of 5.64% for loans up to 80% LTV, with a £1,999 arrangement fee. Borrowers are allowed to repay up to 10% of the advance amount annually without penalty, with loans available up to £1 million.
“We are excited to launch our new five-year fixed rate products,” said Robert Oliver (pictured), distribution director at Dudley Building Society. “We’re helping first-time buyers and those with smaller deposits by offering up to 90% LTV on residential mortgages. For expat borrowers, we provide the opportunity to invest with minimal upfront capital, whether for residential or buy-to-let purposes. The flexibility to overpay by 10% annually also empowers borrowers to manage their finances and reduce their mortgage balance more effectively.”
Want to be regularly updated with mortgage news and features? Get exclusive interviews, breaking news, and industry events in your inbox – subscribe to our FREE daily newsletter. You can also follow us on Facebook, X (formerly Twitter), and LinkedIn.
