Dudley Building Society has launched five-year fixed rate expat buy-to-let (BTL) products with rates reducing across its expat BTL range by up to 0.81%.
The new products include an expat BTL 5-year fixed up to 70% loan-to-value (LTV) at 5.59% (capital and interest, interest only, or part and part), as well as an expat BTL 5-year fixed up to 80% LTV at 5.89% (capital and interest, interest only, or part and part).
Both products have a £1,999 arrangement fee, and an early repayment charge of 4%, 3%, 2%, 1%, 1% over the 5-year term.
Borrowers can make overpayments of up to 10% per year without penalty.
The 70% LTV product represents a rate cut of 0.81%, down from 6.40%, while the 80% LTV option provides higher leverage for brokers working with clients looking to expand or refinance their portfolios.
Rob Oliver, distribution director at Dudley Building Society, said: “We’ve seen steady demand from brokers placing expat BTL cases, and these new five-year fixed rates are a direct response to that.
“The rate reductions will help brokers provide better value options to their clients, while our manual underwriting approach means we can consider cases on their individual merits.
“For expat landlords, the combination of fixed payments and very reasonable product fee plus repayment features can offer both stability and control at a time when managing overseas investments can feel more complex.
“We’re continuing to build on our BTL range to ensure brokers have practical, competitive options for every type of landlord.”
