Dudley Building Society has launched new two and five-year fixed-rate products across residential and buy-to-let (BTL) lending, aimed at providing brokers with more choice when supporting homeowners and landlords.
In addition, a new buy-to-let five-year fixed rate at 5.80% up to 70% LTV has been launched with consumer buy-to-let accepted, plus top-slicing allowed where rental does not fit.
The new range includes:
- Residential five-year fixed – 60% LTV – at 4.99% (capital and interest).
- Residential two-year fixed – 90% LTV – at 5.50% (capital and interest).
- BTL two-year fixed – 70% LTV – at 5.50% (capital and interest, interest only, or part and part).
- BTL five-year fixed – 70% LTV – at 5.80% (capital and interest, interest only, or part and part).
- BTL five-year fixed – 80% LTV – at 5.90% (capital and interest, interest only, or part and part).
Arrangement fees are £499 (residential) and £750 (BTL) for the two-year fixed rates, and £999 (residential) and £1,499 (BTL) for the five-year fixed rates.
The early repayment charge is 3% in year one and 1% in year two for the two-year fixed options. For the five-year fixed options, the charge is 4% in year one, 3% in year two, 2% in year three, and 1% in both years four and five.
All products allow borrowers to make overpayments of up to 10% of the loan amount per year without penalty. Fees and charges have been kept straightforward to make product selection easier for brokers and their clients.
These new products arrive at a time when many borrowers are seeking stability and more predictable repayment options. They are designed to give brokers a broader set of choices, whether placing cases for first time buyers at higher LTVs, homeowners seeking long-term certainty, or landlords looking to manage their portfolios.
Earlier this month, the Society also expanded its mortgage offering with the launch of new fixed-rate products across residential, buy-to-let, holiday let and expat lending.
Rob Oliver, Distribution Director at Dudley Building Society, said:
“Brokers tell us their clients want choice, certainty and the flexibility to adapt if circumstances change. That’s exactly what these new products are designed to offer. The two-year fixes give people the option to review sooner, while the five-year fixes provide longer term security.
“For residential borrowers, we’ve introduced options that can support both first time buyers and those moving with more equity. For landlords, the new range is about giving them practical choices to manage cash flow and plan ahead.
“We’ve kept fees straightforward, allowed for regular overpayments, and continue to underwrite every case by hand. That means brokers can bring us complex cases and know they’ll be considered on their own merits. Combined with the earlier product launches this month, this is another step in making sure brokers have the tools they need to place more cases successfully.”
