Dudley Building Society has expanded its mortgage product range with the introduction of 2-year fixed rate products and the reintroduction of its self-build product range.
The society’s self-build range offers flexible options for applicants, including reduced rates for those building eco homes, with funds released at the start or end of each build stage. Maximum loan-to-values (LTVs) of 85% are available for both end value and land value.
The 2-year fixed rate products include a residential option with a reduced rate of 5.29% from 5.59%, as well as specialist mortgage offerings previously only available as discount for term products.
The fixed rate products are available across the society’s expat range at 5.89%, and across its standard buy-to-let and holiday let range at 5.79%. An interest only 2-year fixed product is also available at 5.49%.
Robert Oliver (pictured), distribution director at the Society, said: “We have introduced our new range of fixed rate products after seeing demand for fixed rate products increase significantly over recent weeks.
“The market is changing as applicants look for more stability, and we are focused on ensuring that we are proactive in our approach to meeting the needs of these applicants.”
Oliver continued: “We began welcoming new mortgage applications again back in December of last year, and since then we have been gradually reintroducing our specialist product offerings.
“The introduction of our self-build product range forms part of this reintroduction, and we are delighted to be maintaining our flexible approach to the different stages of self-build projects.”
