Dudley BS launches a range of fixed rate products
28 February 2023
Dudley Building Society has introduced a range of two year fixed rate products, as they continue to build out their mortgage product offering. They have also reintroduced their self-build product range, which offers a range of options for self-build applicants, whether they require funds to be released at the start or the end of each build stage. Their self-build product range also offers reduced rates for applicants building eco homes.
Their new range of two year fixed rate products includes a Two Year Fixed Rate residential, which has a reduced rate of 5.29% from 5.59%. They have also introduced two year fixed rate products across their specialist mortgage offerings, which previously had only discount for term products available. Two year fixed rate products are now available across their expat range, with interest rates of 5.89%, and across their standard BTL and holiday let range, with rates of 5.79%. Dudley have also launched an Interest Only Two Year Fixed product, with a rate of 5.49%.
The Society’s new discount for term self-build products offer flexible options for applicants, with arrears and advance payment options available for both standard and eco self-builds. Their self-build range also offers maximum LTVs of 85% for the end value and land value. Their arrears payment products offer discounted rates of 5.99% for standard self-builds, and 5.69% for eco self-builds. Their advance payment products offer 6.14% for standard self-builds, and 5.84% for eco self-builds.
Commenting on the changes, Robert Oliver, 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 needs of these applicants.”
Robert 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.”
