Dudley Building Society has announced the launch of a range of new five-year fixed-rate mortgage products.
The options cater to residential, expat, buy-to-let, and holiday let customers, offering loan-to-value (LTV) ratios of up to 90%, making them attractive to those looking for flexible financing solutions, whether for personal use, long-term rental income, or holiday property investments.
The residential five-year fixed rate until end of December 2029 is available at a rate of 5.28% for loans up to 75% LTV, and 5.34% for loans 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, the five-Year fixed Rate until end of December 2029 offers competitive rates of 5.44% for up to 75% LTV and 5.49% for up to 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 five-year fixed rate, also available until end of December 2029, comes with a rate of 5.38% for loans up to 80% LTV and 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 BTL and expat holiday let mortgages, the fixed five-year rate until end of December 2029 offers rates of 5.64% for 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.
Commenting on the product launch Dudley BS distribution director Robert Oliver said: “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.”
He added: “The flexibility to overpay by 10% annually also empowers borrowers to manage their finances and reduce their mortgage balance more effectively.”
