Dudley Building Society has launched new two- and five-year fixed-rate products across residential and BTL lending.
In addition, a new BTL five-year fixed rate at 5.8% up to 70% LTV has been launched with consumer BTL accepted, with top-slicing allowed where rental does not fit.
• BTL two-year fixed – 70% LTV – at 5.5% (capital and interest, interest only, or part and part)
• BTL five-year fixed – 70% LTV – at 5.8% (capital and interest, interest only, or part and part)
• BTL five-year fixed – 80% LTV – at 5.9% (capital and interest, interest only, or part and part)
Rob Oliver, distribution director at Dudley Building Society (pictured above), 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.
“For landlords, the new range is about giving them practical choices to manage cash flow and plan ahead.
“We’ve kept fees straightforward, allowed for regular overpayments, and continue to underwrite every case by hand.
“That means brokers can bring us complex cases and know they’ll be considered on their own merits.”
