Dudley Building Society has launched additional 2- and 5-year fixed-rate products across residential and buy-to-let (BTL) lending, aimed at providing brokers with more choice when supporting homeowners and landlords.
In addition, a new buy-to-let 5-year fixed rate at 5.80% up to 70% loan-to-value (LTV) has been launched with consumer buy-to-let accepted, plus top-slicing allowed where rental does not fit.
The new range includes a residential 5-year fixed up to 60% LTV at 4.99% (capital and interest) and a residential 2-year fixed up to 90% LTV at 5.50% (capital and interest).
In its BTL range, new launches include a 2-year fixed up to 70% LTV at 5.50% (capital and interest, interest only, or part and part), a 5-year fixed up to 70% LTV at 5.80% (capital and interest, interest only, or part and part), as well as a 5-year fixed up to 80% LTV at 5.90% (capital and interest, interest only, or part and part).
The early repayment charge is 3% in year one and 1% in year two for the 2-year fixed options.
For the 5-year fixed options, the charge is 4% in year one, 3% in year two, 2% in year three, and 1% in both years four and five.
All products allow borrowers to make overpayments of up to 10% of the loan amount per year without penalty.
Rob Oliver, distribution director at Dudley Building Society, said: “Brokers tell us their clients want choice, certainty and the flexibility to adapt if circumstances change.
“That’s exactly what these new products are designed to offer. The 2-year fixes give people the option to review sooner, while the 5-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.”
Oliver added: “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.”
