Dudley Building Society has added to its range of products catering for expats, with a 5-year fixed rate offering, two discounted rate options for purchase and one for property which can be a holiday let.
The fixed rate mortgage is available up to 80% loan-to-value (LTV) at 3.89%, and the discounted options have been reduced by 1.10% for term residential offerings at 3.89% up to 75% LTV and 1.60% for term buy-to-let (BTL) products at 3.89% up to 70% LTV.
The range includes expat further advances and retentions on residential at a maximum of 75% LTV, and BTL at a maximum of 70% LTV, which are available as discounted for term mortgages at 3.89%.
Dudley Building Society revamps expat range
Sam Ward, commercial director at Dudley Building Society, 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 twelve others that offer expat BTL, 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.”