Dudley Building Society has launched two and five-year fixed-rate products across residential and buy-to-let (BTL) lending.

In addition, a new buy-to-let five-year fixed rate at 5.80% up to 70% LTV has been introduced with consumer buy-to-let accepted, plus top-slicing allowed where rental does not fit.

The new range includes a residential five-year fixed 60% LTV  at 4.99% (capital and interest).

A residential two-year fixed – 90% LTV – at 5.50% (capital and interest).

A BTL two-year fixed – 70% LTV – at 5.50% (capital and interest, interest only, or part and part).

BTL five-year fixed – 70% LTV – at 5.80% (capital and interest, interest only, or part and part).

And a BTL five-year fixed – 80% LTV – at 5.90% (capital and interest, interest only, or part and part).

Arrangement fees are £499 (residential) and £750 (BTL) for the two-year fixed rates, and £999 (residential) and £1,499 (BTL) for the five-year fixed rates.

The early repayment charge is 3% in year one and 1% in year two for the two-year fixed options. For the five-year fixed options, the charge is 4% in year one, 3% in year two, 2% in year three, and 1% in both years four and five.

All products allow borrowers to make overpayments of up to 10% of the loan amount per year without penalty.

These new products arrive at a time when many borrowers are seeking stability and more predictable repayment options.

Commenting on the new product roll out, Dudley Building Society distribution director Rob Oliver said: “Brokers tell us their clients want choice, certainty and the flexibility to adapt if circumstances change. That’s exactly what these new products are designed to offer. The two-year fixes give people the option to review sooner, while the five-year fixes provide longer term security.”