Dudley Building Society launches BTL product
Dudley Building Society has launched a buy-to-let product aimed at serving expats, the self-employed and older clients.
The new mortgages will be at a rate of 3.79% up to 70% LTV.
Other features include terms of up to 40 years, no minimum income, and loans of up to £1m.
Sam Ward, head of commercial at Dudley Building Society, said: “Dudley Building Society continues to be the most consistent supporter of the intermediary sector and with this launch we are reinforcing our commitment to their landlord customers, especially those, who tend to be disregarded by more mainstream buy-to-let products.
“We have spent time researching where the buy-to-let sector has so far failed to address the needs of certain classes of landlord and this led us to building a product which seeks to service potential landlords who have been underserved.
“We are offering a limited tranche to start and from the reaction of our intermediary partners prior to launch, we are expecting an enthusiastic take up.”