Dudley Building Society has launched new two- and five-year rates across its product range, impacting BTL, holiday let and expat BTL borrowers.
The new range includes five-year fixed-rate options from 5.95%, 6.1% and 6.4% for BTL, holiday let and expat BTL borrowers respectively.
These are all available at 70%.
The arrangement fee for the two-year fixed rates is £499 and for the five-year fixed it is £1,499, apart from the expat BTL product which is £1,999.
All fees can be added to the loan, as long as the loan to value does not exceed the maximum permitted.
For the two-year fixed rates, the early repayment charge is 3% and 1% and for the five-year fixed rates it is 4%, 3%, 2%, 1% for years four and five.
The building society has also extended these new products to residential borrowers.
“Brokers have been clear that they want more fixed-rate options they can rely on, especially for cases involving landlords, holiday lets and expat borrowers,” said Rob Oliver, distribution director at Dudley Building Society (pictured above).
“With these new products, we’re making it easier for brokers to support their clients, keeping the process straightforward and free from unnecessary hurdles.
“Our role is to take a flexible, common-sense approach so brokers can focus on building relationships and getting deals over the line.”
