Dudley BS expands residential, buy-to-let, holiday let and expat ranges

Dudley Building Society has announced the launch of new five-year fixed rate mortgage products across its residential, buy-to-let, holiday let and expat ranges.

The residential five-year fixed rate is available at 5.28% up to 75% LTV and 5.34% up to 90% LTV. Both options come with a £999 arrangement fee, and borrowers are allowed to repay up to 10% of the advance amount each year without penalty.

For expat residential mortgages, five-year fixes start from 5.44% at 75% LTV and 5.49% at 85% LTV, with an arrangement fee of £1,999. Borrowers have the option to choose between capital and interest or interest-only repayment methods, with loans available up to £1.5m on either purchase or remortgage.

The buy-to-let and holiday let products come with a rate of 5.38% up to 80% LTV with a £1,499 arrangement fee. These products cater to both capital and interest or interest-only repayment methods, with loans available up to £1m.

For expat buy-to-let and holiday let mortgages, rates start from 5.64% up to 80% LTV with a £1,999 arrangement fee. Borrowers can repay up to 10% of the advance amount each year without penalty, with loan amounts available up to £1m.

Robert Oliver, distribution director at Dudley Building Society, commented: “We are excited to launch our new five-year fixed rate products, which reflect our understanding of the market and the diverse needs of today’s borrowers.

“We’re helping first-time buyers and those with smaller deposits by offering up to 90% LTV on residential mortgages, and 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.

“These products, combined with our commitment to maintaining high service levels and a manual underwriting process, will continue to support brokers and their clients as they seek competitive and reliable mortgage options.”