The Dudley Building Society is targeting the expat sector with a revamped mortgage range.
The product range includes a five year fixed rate, two discounted rate options for purchase and one for property which can be a holiday let. Also included are two discounted for term further advance products.
Deals are as follows:
- Fixed rate mortgage at 3.89% up to 80% LTV
- 10% discounted for term mortgage (residential) at 3.89% up to 75% LTV
- 60% discounted for term mortgage (buy-to-let) at 3.89% up to 70% LTV
The buy-to-let SVR is 0.5% higher at 5.49% than for residential 4.99%.
- Expat further advances and retentions on residential (max 75% LTV) and buy-to-let (max 70% LTV) available as discounted for term mortgages at 3.89%.
Sam Ward (pictured), the Dudley’s commercial director, said: “From what we are seeing, demand for property from expats is not waning. Dudley believes that expats are worthy of our support and should be equally attractive to brokers.
“At the moment, there are six other building societies that offer residential expat mortgages, but only four offer residential interest only options. Also, whilst there are 12 others that offer expat buy-to-let, just four provide expat holiday let products.
“Our product enhancements will hopefully encourage more advisers to take an interest in what is a really worthwhile market.”