The two-year fixed rate BTL deal for expat limited company applicants has a rate of 5.89%, which the mutual said would appeal to those looking for short-term rate stability.
Buckinghamshire Building Society has also lowered rates across its Everyday Residential and Skilled Worker visa products.
Changes include the Everyday Residential deal at 70% loan to value (LTV), which has been cut from 5.34% to 5.19%, and the deal at 80% LTV, which has been reduced from 5.45% to 5.29%.
Its Skilled Worker visa product, formerly Tier 2 Visa, has been reduced from 6.35% to 5.99%.
Claire Askham, head of mortgage sales at Buckinghamshire Building Society, said: “These rate reductions reflect our ongoing commitment to ensuring brokers have access to competitive, flexible solutions that meet the evolving needs of their clients. Our Everyday Residential range is suitable for a wide range of borrowers, including those with minor credit blips or complex income structures, and this pricing update makes it even more accessible.
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“Our new expat limited company BTL fixed rate is an exciting addition for brokers working with overseas clients. We’ve seen increased demand in this space recently and this new product provides a timely solution for clients seeking shorter-term stability in a changing market.”
Dudley BS releases range for Skilled Worker visa lending
Dudley Building Society has launched a range of products for borrowers with a Skilled Worker visa, following a successful pilot.
The mutual will consider applicants with a Skilled Worker visa who have a minimum of 12 months’ residency in the UK and at least 12 months remaining on the Skilled Worker visa. They must have an income of at least £30,000 and the mutual will lend up to 90% LTV.
Dudley Building Society will accept gifted deposits up to 50% of the overall deposit, and will consider any country of origin and a broad range of professions.
The mutual will also consider more complex cases on an individual basis with a personalised assessment.
The fixed rate products include a two-year deal at 80% LTV priced at 5.45%, and a corresponding five-year fix with the same rate.
Meanwhile, both the two- and five-year fixed options at 90% LTV are priced at 5.7%.
Further, there is a two-year discount product at 80% LTV with a discounted rate of 2.69% from the mutual’s standard variable rate (SVR), while the option at 90% LTV has a discount of 2.54%.
All products have a £999 arrangement fee.
Rob Oliver, distribution director at Dudley Building Society, said: “We have seen consistent interest from brokers supporting clients on Skilled Worker visas. By expanding this proposition to the whole market and refreshing our products, we want to give brokers a clear framework to work within and a straightforward route to place these cases.
“Our manual approach allows each case to be assessed on its own merit. This update ensures brokers can include Dudley Building Society in their considerations when working with Skilled Worker visa clients.”
