"With these new products, we’re making it easier for brokers to support their clients, keeping the process straightforward and free from unnecessary hurdles."
- Robert Oliver - Dudley Building Society
Dudley Building Society has introduced a new range of two- and five-year fixed-rate mortgages across residential, buy-to-let, holiday let and expat lending, broadening the options available to brokers and their clients.
The updated range includes:
Residential capital and interest, two-year fixed at 65% LTV, 5.40%
Residential interest-only two-year fixed at 75% LTV, 5.70%
Buy-to-let five-year fixed at 70% LTV, 5.95%
Holiday let five-year fixed at 70% LTV, 6.10%
Expat buy-to-let five-year fixed at 70% LTV, 6.40%
Arrangement fees are £499 for two-year fixed products and £1,499 for five-year fixed, with the exception of the expat rate, which carries a £1,999 fee. Fees may be added to the loan, provided the maximum permitted loan-to-value is not exceeded.
Early repayment charges apply at 3% and 1% for two-year fixed deals. For five-year fixed products, charges are 4%, 3%, 2%, and 1% in years four and five.
The new products are designed to give brokers greater flexibility when supporting clients with varying needs. Options cover capital and interest as well as interest-only repayment structures, alongside tailored support for landlords, holiday let owners and expat borrowers seeking longer-term certainty.
“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). “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.”
Dudley Building Society describes itself as a mutual lender that provides manually underwritten mortgage solutions, with loan sizes available from £25,000 to £2.5 million.
