"For landlords, the new range is about giving them practical choices to manage cash flow and plan ahead"
- Robert Oliver - Dudley Building Society
Dudley Building Society has announced that it has introduced new two- and five-year fixed-rate products across its residential and buy-to-let (BTL) ranges. The lender said the launch is aimed at giving brokers more options to support homeowners and landlords.
Among the new offers is a five-year BTL fixed rate at 5.80% up to 70% loan-to-value (LTV), with consumer BTL accepted. The product also allows top-slicing where rental income falls short of affordability requirements.
The new range includes:
Residential five-year fixed at 4.99% up to 60% LTV (capital and interest)
Residential two-year fixed at 5.50% up to 90% LTV (capital and interest)
BTL two-year fixed at 5.50% up to 70% LTV (capital and interest, interest only, or part and part)
BTL five-year fixed at 5.80% up to 70% LTV (capital and interest, interest only, or part and part)
BTL five-year fixed at 5.90% up to 80% LTV (capital and interest, interest only, or part and part)
Arrangement fees are set at £499 for residential and £750 for BTL on the two-year fixed products. For the five-year options, the fees are £999 for residential and £1,499 for BTL.
Early repayment charges apply at 3% in year one and 1% in year two for the two-year fixes. For the five-year fixes, charges are 4% in year one, 3% in year two, 2% in year three, and 1% in both years four and five. Borrowers can make overpayments of up to 10% of the loan each year without penalty.
The Society said the products have been structured to make fees and charges straightforward, allowing brokers and clients to compare options more easily. The changes come at a time when many borrowers are seeking stability and predictability in repayments. The lender noted the range is designed to support a variety of needs, including first-time buyers at higher LTVs, existing homeowners looking for long-term certainty, and landlords managing portfolios.
Earlier this month, Dudley Building Society expanded its offering with new fixed-rate products across residential, buy-to-let, holiday let, and expat lending.
“Brokers tell us their clients want choice, certainty and the flexibility to adapt if circumstances change,” said Rob Oliver, distribution director at Dudley Building Society (pictured). “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 residential borrowers, we’ve introduced options that can support both first-time buyers and those moving with more equity. 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. Combined with the earlier product launches this month, this is another step in making sure brokers have the tools they need to place more cases successfully.”
