Dudley BS launches new residential, expat, buy-to-let and holiday let products

Dudley Building Society has launched a refreshed range of two and five-year fixed and discount products across residential, buy-to-let, holiday let and expat lending.

The products are designed to support a wide mix of cases, from first-time buyers and home movers to expats returning to the UK and landlords expanding or reshaping portfolios.

In Dudley's residential range, two-year fixed rates start from 5.45% at 75% LTV.

Expat rates start from 5.85% fixed for two years and 5.65% fixed for five-years, available up to 65% LTV.

The Society has launched new two-year buy-to-let products, with a fixed rate available at 5.70% up to 80% LTV and a discounted rate of 2.99% from Dudley's standard variable rate available up to 70% LTV.

In its holiday let range, a two-year fixed rate has launched at 5.90% and a five-year rate at 5.80%, available up to 80% LTV.

Arrangement fees start from £499 on residential fixed products, with £999 and £1,999 fees applied across expat, and £750 and £1,499 applied across buy-to-let and holiday let options depending on term and LTV. All fees can be added to the loan where the maximum LTV is not exceeded.

Across the range, borrowers can repay up to 10% of the loan amount each year without charge, giving brokers more flexibility when advising clients who want room to reduce balances during the initial term.

Rob Oliver, distribution director at Dudley Building Society, said: “We have looked at the data across our book, listened to what brokers told us in meetings, and have shaped this new range around the areas where we knew we could make a real difference.

“That includes more depth in our expat line for clients returning to the UK, and buy-to-let and holiday let choices that reflect where demand is growing.

“Every product has been shaped with real cases in mind, and we hope this gives brokers more confidence when matching a client’s plans to the right route.”