"These discounted rates, combined with flexible repayment options, empower our customers to make the most of their investments."
- Robert Oliver, distribution director at Dudley BS
Dudley Building Society has announced the launch of two new two-year discount mortgage products for buy-to-let and holiday let customers.
The products offer rate reductions of up to 0.77% and are designed for landlords and holiday let investors looking for flexible short-term financing solutions for purchase or remortgage.
The buy-to-let two-year discount product has a rate of 5.48% (previously 6.25%) and is available up to 80% LTV with an arrangement fee of £750. The product allows borrowers to repay up to 10% of the advance amount annually without penalty. For early repayment beyond this limit, an ERC of 1% applies in the first year and 0.5% in the second year.
The holiday let two-year discount mirrors the same discounted rate of 5.48% and is also available up to 80% LTV with a £750 arrangement fee. It includes the same flexibility, allowing up to 10% of the advance amount to be repaid annually without penalty.
Both products support loan sizes from £25,000 to £1,000,000 and are available for purchase or remortgage.
Borrowers can also choose between capital & interest or interest-only repayment methods on both products.
Robert Oliver, distribution director at Dudley Building Society, commented: “The introduction of our new buy-to-let and holiday let products marks another important step towards supporting landlords and holiday let investors with options that meet their specific needs. These discounted rates, combined with flexible repayment options, empower our customers to make the most of their investments.
“At Dudley Building Society, we’re focused on delivering innovative and accessible solutions for brokers and their clients, ensuring they have the tools to succeed in a competitive market.”
