Dudley BS backs its confidence in the expat sector with a revamped mortgage range

05 August 2021

While demand for property is coming off its SDLT holiday peak, property sales remain high. This is certainly the case for expats wishing to buy in their home country.

Dudley Building Society has a strong history of support for the expat community and this continues to be reflected in its latest range of new products.

The product range includes a five year fixed rate, two discounted rate options for purchase and one for property which can be a holiday let. Also included are two discounted for term further advance products.

• Fixed rate mortgage at 3.89% up to 80% LTV
• 1.10% discounted for term mortgage (residential) at 3.89% up to 75% LTV*
• 1.60% discounted for term mortgage (BTL) at 3.89% up to 70% LTV*
  *(BTL SVR is 0.5% higher at 5.49% than for residential 4.99%)
• Expat further advances and retentions on residential (max 75% LTV) and BTL (max 70% LTV) available as discounted for term mortgages at 3.89%*
  *(BTL SVR is 0.5% higher at 5.49% than for residential 4.99%)

Commercial Director, Sam Ward, said, “From what we are seeing, demand for property from expats is not waning. Dudley believes that expats are worthy of our support and should be equally attractive to brokers. At the moment, there are six other building societies that offer residential expat mortgages, but only four offer residential interest only options. Also, whilst there are twelve others that offer expat BTL, just four provide expat holiday let products.

Our product enhancements will hopefully encourage more advisers to take an interest in what is a really worthwhile market.”