Dudley Building Society has reduced rates on its expat and self-build mortgage products, effective from tomorrow (23rd April).
The society is reducing rates by up to 0.35% on the relevant products.
Dudley’s expat residential mortgages are available up to 85% loan-to-value (LTV), or 80% LTV for expat buy-to-let (BTL) and holiday let.
2-year fixed expat residential mortgage rates now start at 6.45% for loans up to 60% LTV and from 6.55% for loans up to 85% LTV.
2-year fixed BTL expat mortgages now begin at 6.55% for up to 70% LTV and 6.65% up to 80% LTV.
Expat holiday let 2-year fixed rates have also been reduced to 6.55% up to 70% LTV and 6.65% up to 80% LTV.
The society will consider applications from a wide range of countries and in over 160 currencies and can accept income from one foreign currency plus income derived in GBP.
The 2.40% Self-Build Discount for Term (Advance) rate has been reduced to 6.84% up to 80% LTV, while the 2.50% Self-Build Discount for Term (Arrears) rate has been lowered to 6.74% up to 80% LTV.
The 2.60% Eco Self-Build Discount for Term (Advance) rate has reduced to 6.64% for loans up to 80% LTV, while the 2.70% Eco Self-Build Discount for Term (Arrears) rate has been reduced to 6.54% for loans up to 80% LTV.
The society will lend up to £1.5m across its expat residential range and up to £1m across its expat BTL and holiday let range, as well as its self-build products.
Robert Oliver, distribution director at Dudley Building Society, said: “We are delighted to offer brokers access to cheaper Expat and Self-Build mortgages with these latest rate reductions.
“Brokers can be confident that they will receive a flexible and personalised approach to underwriting when submitting mortgage applications to us.
“We look forward to assisting even more Expat and Self-Build borrowers with our latest rate reductions.”
