Dudley Building Society Launches New Five-Year Fixed Mortgage Products

As of today, Monday, 21st October 2024, Dudley Building Society has announced the launch of a range of competitive new five-year fixed-rate mortgage products across our Residential, Expat, Buy-to-let and Holiday Lets ranges. 

The products are tailored to meet the diverse needs of a wide range of borrowers, including homebuyers, expats, landlords, and holiday let owners. These options cater to Residential, Expat, Buy-to-Let, and Holiday Let customers, offering loan-to-value (LTV) ratios of up to 90%, making them attractive to those looking for flexible financing solutions, whether for personal use, long-term rental income, or holiday property investments.

The Residential 5-Year Fixed Rate until 31/12/2029 is available at a rate of 5.28% for loans up to 75% LTV, and 5.34% for loans up to 90% LTV. Both options come with a £999 arrangement fee, and borrowers are allowed to repay up to 10% of the advance amount each year without penalty.

For Expat Residential mortgages, the 5-Year Fixed Rate until 31/12/2029 offers competitive rates of 5.44% for up to 75% LTV and 5.49% for up to 85% LTV, with an arrangement fee of £1,999. Borrowers have the option to choose between capital and interest or interest-only repayment methods, with loans available up to £1.5m on either purchase or remortgage.

The Buy-to-Let and Holiday Let 5-Year Fixed Rate, also available until 31/12/2029, comes with a rate of 5.38% for loans up to 80% LTV and a £1,499 arrangement fee. These products cater to both capital and interest or interest-only repayment methods, with loans available up to £1m.

For Expat BTL and Expat Holiday Let mortgages, the Fixed 5-Year Rate until 31/12/2029 offers rates of 5.64% for up to 80% LTV with a £1,999 arrangement fee. Borrowers can repay up to 10% of the advance amount each year without penalty, with loan amounts available up to £1m.

Robert Oliver, Distribution Director at Dudley Building Society, commented:

“We are excited to launch our new five-year fixed-rate products, which reflect our understanding of the market and the diverse needs of today’s borrowers.

“We’re helping first-time buyers and those with smaller deposits by offering up to 90% LTV on residential mortgages, and for expat borrowers, we provide the opportunity to invest with minimal upfront capital, whether for residential or Buy-to-Let purposes. The flexibility to overpay by 10% annually also empowers borrowers to manage their finances and reduce their mortgage balance more effectively.

“These products, combined with our commitment to maintaining high service levels and a manual underwriting process, will continue to support brokers and their clients as they seek competitive and reliable mortgage options.”

For more information, visit the Dudley Building Society here.