Dudley Building society has brought out a new set of residential and buy-to-let mortgages products specifically for expats.

The lender is offering an 80% LTV five-year fix at 3.89% alongside a 75% LTV product that offers a discount of 1.10%, giving an initial rate of 3.89% also.

Both of the above are available for purchase and remortgage and charge a £750 arrangement fee.

For holiday let borrowers, Dudley has launched a 70% LTV product with a discount of 1.60% for purchase and remortgage, which too offers an initial rate of 3.89% and comes with a £750 arrangement fee.

And discounted further advances for residential borrowers and those in the BTL market come at 75% LTV and 70% LTV respectively, both with initial rates of 3.89%.

There is no arrangement fee with these products.

Dudley commercial director Sam Ward says: “From what we are seeing, demand for property from expats is not waning. Dudley believes that expats are worthy of our support and should be equally attractive to brokers.

“At the moment, there are six other building societies that offer residential expat mortgages, but only four offer residential interest-only options. Also, whilst there are twelve others that offer expat BTL, just four provide expat holiday let products.

“Our product enhancements will hopefully encourage more advisers to take an interest in what is a really worthwhile market.”