Residential borrowers can access a rate of 5.28% for loans up to 75% LTV. Those with a 10% deposit can access a rate of 5.34%. Both deals have a £999 arrangement fee.
Flexibility for borrowers
Expat residential borrowers opting for a 75% LTV can fix for five years at a rate of 5.44%. Those choosing an 85% deal can access a rate of 5.49%. An arrangement fee of £1,999 applies to both deals and borrowers can pay back up to 10% annually without penalty.
The buy-to-let and holiday let five-year fixed rates at 80% LTV are priced at 5.38% and come with a £1,499 arrangement fee. These products cater to both capital and interest or interest-only repayment methods, with loans available up to £1m.
For expat buy-to-let and expat holiday let mortgages, a rate of 5.64% up to 80% LTV with a £1,999 arrangement fee is available. Borrowers can repay up to 10% of the advance amount each year without penalty, with loan amounts available up to £1m.
Affordable homeownership: where brokers can make the difference
Sponsored by Halifax Intermediaries
Robert Oliver, (pictured) distribution director at Dudley Building Society, said: “We are excited to launch our new five-year fixed rate products, which reflect our understanding of the market and the diverse needs of today’s borrowers.
“We’re helping first-time buyers and those with smaller deposits by offering up to 90% LTV on residential mortgages, and for expat borrowers, we provide the opportunity to invest with minimal upfront capital, whether for residential or buy-to-let purposes.”
According to Moneyfacts, the average five-year fixed rate for residential borrowers is 5.09%.
Meanwhile, the average five-year buy-to-let residential mortgage rate today is 5.29%.
