Dudley Building Society unveils buy-to-let range

Ryan Bembridge

June 27, 2016

buy-to-let buy to let house

Dudley Building Society has refreshed its buy-to-let range with rate reductions and new products.

The society’s 2-year discounts stand at 3.19% to 70% loan-to-value and 3.49% to 75% LTV, down from 3.99% and 4.24%.

Its 3-year fixes cost 3.29% to 70% LTV and 3.59% to 75% LTV, previously 4.24% and 4.49%.

Dudley cuts fixes by up to 0.45%

Dudley’s new 5-year fixes stand at 3.59% to 70% LTV and 3.89% to 75% LTV.

All the aforementioned products are for purchase and remortgage.

Jonathan Moore, Dudley’s head of credit, said: “We have introduced a very strong line up of products for the buy-to-let market that reflects our commitment to the sector.

“The buy-to-let market is readjusting to the recent changes to tax relief and our society has responded with a comprehensive range of attractively priced products, where we have cut rates in some cases by up to 0.8%.

“We are fully committed to the intermediary market and with this range we are offering today’s landlord a particularly well balanced range backed up by individual underwriting which has become a hallmark of our successful distribution strategy.”

Dudley has a buy-to-let rental calculation at 125% up to 70% LTV and 130% above 70% LTV and 140% on flats across all LTVs.

Capital repayments of 10% of the advance amount can be made every year.