Dudley BS launches Expat Residential and BTL mortgages

22 September 2016

Dudley Building Society has launched new expat mortgages for purchase, remortgage and BTL with whole of term discount rates.

The new mortgages are available for both employed and self employed borrowers who are UK citizens currently resident abroad.

Key Features include :-

• Minimum/Maximum loan -  £25,000/£500,000
  
  
• Maximum LTV 60% (on both residential and BTL mortgage)
  
  
• 3.99% rate for Residential purchase or remortgage – includes discount of 1% from Residential SVR (currently 4.99%) for term of mortgage
  
  
• 3.99% rate for BTL purchase or remortgage – includes discount of 1.5% from BTL SVR (currently 5.49%) for term of mortgage

Speaking about the new mortgages, Jonathan Moore, Head of Credit at Dudley Building Society said,

“We have been taking soundings from our partners and expat mortgages have been one of the areas which has kept coming up as an underserved sector of the market. It seems that Brexit has not dampened the demand for expat finance and we have set out to offer a strong proposition for advisers to put before their clients, which covers both purchase and remortgage on residential and BTL properties.

Dudley Building Society is building a reputation of stepping in first and providing support for sectors that have tended to be ignored. Our move to scrap upper age limits across our product range to help older customers has now been emulated in the market. We shall continue to lead the move into areas which we feel are underserved.”