Dudley BS launches new Expat products & reduces rates across their product range
07 February 2023
Dudley Building Society has launched expat BTL and expat holiday let products as they continue to build their offering for expat applicants. In addition to this, they have introduced a Two Year Fixed Rate product and an Interest Only Discount for Term product to their range.
As they introduce new products to their range, they have also reduced interest rates across their existing range of residential, expat residential, BTL and holiday let products.
Their new expat BTL and expat holiday let products offer 80% LTV, with a discounted interest rate of 5.89%. Their existing expat residential product has a reduced discounted interest of 5.89%, with the maximum LTV increasing from 80% to 85%.
Dudley’s new residential Two Year Fixed Rate product offers a fixed rate of 5.59%, with a maximum LTV of 90%. Their new Interest Only Discount for Term product has a discounted rate of 5.49%, with a maximum LTV of 75%.
Other interest rate decreases include their residential discount for term product, which now offers a discounted rate of 5.29% and maximum LTV of 90%, and their BTL and holiday let discount for term products, which both now offer a discounted rate of 5.79% and a maximum LTV of 80%.
Speaking on the product changes, Robert Oliver, Distribution Director at the Society, said “We have seen a sharp increase in enquires for expat BTL mortgages over recent weeks, which prompted us to introduce these new products to enhance our expat offering. Our ability to make human decisions allows us to meet the complex needs of expat applicants, as we will accept applicants from a wide range of countries in over 160 currencies.”
Robert continued, “We are also delighted to be reducing interest rates across our whole product range, with products available for applicants with a wide range of requirements. As we continue to make changes to our offering, we want to assure our partners that maintaining our service levels remains our top priority.”
