Dudley Building Society has announced its support for the expat community by revamping its mortgage range.
While demand for property is coming off its stamp duty holiday peak, Dudley suggested that property sales remain high in the case for expats wishing to buy in their home country.
The new 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.
The society confirmed it will now offer fixed rate mortgage at 3.89% up to 80% LTV, as well as a 1.10% discounted for term residential mortgage at 3.89% up to 75% LTV, and 1.60% discounted for term buy-to-let (BTL) mortgage at 3.89% up to 70% LTV.
Dudley commercial director, Sam Ward, 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 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.”
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