The Dudley Building Society has added to its buy-to-let range with a new set of discount and fixed rate products.
Discounted products for purchase and remortgage are a 70% loan-to-value 3.99% mortgage with rental coverage of 125% for houses and 140% for flats, and a 75% LTV 4.24% mortgage with rental coverage of 130% for houses and 140% for flats.
The lender has also launched two 3-year fixes which have a rate of 4.24% to 70% LTV and 4.49% to 75% LTV. The former requires rental coverage of 125% for houses and the latter 130%, while both require 140% coverage for flats.
Jonathan Moore, head of credit said, “These new products provide important funding options for landlords with fixed and discounted rate options.
“Our maximum loan size on BTL has been increased to £500,000 and with no upper age limits on any of our mortgage range, we believe that we have a range of BTL products which will be very popular with our introducers.”