Dudley Building Society has launched a “refreshed” range of two- and five-year fixed-rate BTL and holiday let products.
The building society said it has updated these fixed-rate options to give more stability for borrowers planning ahead.
These new products include a BTL two-year fixed-rate mortgage at 5.7%, at 80% LTV with a discounted version available at 2.99% from the firm’s standard variable rate. The discounted version has a 70% LTV.
The new holiday let products are available from 5.9% and 5.8% for the two-year fixed and five-year fixed versions, respectively. These both have LTVs of 80%.
Arrangement fees of £750 and £1,499 can be applied to the BTL and holiday let options depending on both the term and LTV. All fees can be added to the loan where the maximum LTV is not exceeded.
“We have looked at the data across our book, listened to what brokers told us in meetings, and have shaped this new range around the areas where we knew we could make a real difference,” said Robert Oliver, distribution director at Dudley Building Society (pictured above).
“Every product has been shaped with real cases in mind, and we hope this gives brokers more confidence when matching a client’s plans to the right route.”
