Dudley BS expands BTL offering
The Dudley Building Society has launched new BTL products with four discounted rate and four fixed rate options covering purchase and remortgage.
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Discounted rate products include:
- Up to 70% LTV – 3.99% (1.5% discount from BTL SVR), rental coverage 125% for houses/140% for flats
- Up to 75% LTV – 4.24% (1.25% discount form BTL SVR), rental coverage 130% for houses/140% for flats
Fixed rate products include:
- Up to 70% LTV – 4.24% (3 year fixed rate), rental coverage 125% for houses/140% for flats
- Up to 75% LTV – 4.49% (3 year fixed rate), rental coverage 130% for houses/140% for flats
Jonathan Moore, Head of Credit, said:
“These new products provide important funding options for landlords with fixed and discounted rate options. Our maximum loan size on BTL has been increased to £500,000 and with no upper age limits on any of our mortgage range, we believe that we have a range of BTL products which will be very popular with our introducers.”
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