Dudley Building Society has launched two-year and five-year-old fixed products in residential and buy-to-loet (BTL) loans.
In addition, a new buy-to-last five-year fixed rate at 5.80% to 70% LTV has been introduced with accepted consumers, plus top-slicing permitted where rent does not fit.
The new range includes a residential five -year fixed 60% LTV at 4.99% (capital and interest).
A residential two-year fixed-90% LTV-Op 5.50% (capital and interest).
A BTL of two years fixed-70% LTV-Op 5.50% (capital and interest, only interest, or partially).
BTL Five Year fixed-70% LTV-on 5.80% (capital and interest, only interest, or partially).
And a BTL Five years of fixed-80% LTV-on 5.90% (capital and interest, only interest, or partly).
The regulation costs are £ 499 (residential) and £ 750 (BTL) for the fixed rates of two years and £ 999 (residential) and £ 1,499 (BTL) for the fixed rates of five years.
The early repayment costs are 3% in year one and 1% in year two for the fixed options of two years. For the fixed options of five years, the load is 4% in year one, 3% in year two, 2% in year three and 1% in both years four as five.
All products enable borrowers to pay too much up to 10% of the loan amount per year without a fine.
This New products Come at a time when many borrowers are looking for stability and more predictable repayment options.
Dudley Building Society Distribution Director Rob Oliver said they are commenting on the rolled out new product, said: “Brokers tell us that their customers are choice, security and the flexibility to adjust if the circumstances change. That is exactly what these new products are designed to offer. The two -year solutions give people the option to assess faster, while the Fifth.”