BTL lenders unveil new products, rate cuts and faster processing

Buy to let brokers and landlords can access new products, BTL rate reductions and streamlined processes from Dudley Building Society, United Trust Bank and YBS Commercial Mortgages.

Dudley Building Society has launched a fresh range of five-year fixed-rate expat BTL products, cutting rates by up to 81 basis points across its expat portfolio.

The new deals include a 70% loan-to-value option at 5.59% and an 80% version at 5.89%, both available on capital and interest, interest-only or part-and-part terms.

Each product carries a £1,999 fee, with borrowers able to make overpayments of up to 10% annually without penalty.

Demand for expat BTL

The 70% LTV deal reflects a rate cut from 6.40%, while the 80% option caters to overseas investors seeking higher leverage.

Dudley said the refreshed range is aimed at keeping its offering competitive for brokers and their expat clients investing or refinancing property in the UK.

Dudley’s distribution director, Rob Oliver, said: “We’ve seen steady demand from brokers placing expat BTL cases, and these new five-year fixed rates are a direct response to that.

“For expat landlords, the combination of fixed payments and very reasonable product fee plus repayment features can offer both stability and control at a time when managing overseas investments can feel more complex.”

UTB cuts BTL rates

Meanwhile, United Trust Bank has cut rates across its buy to let mortgage portfolio by as much as 190 basis points, bringing fresh competition to the specialist lending market.

The new pricing sees its standard two-year fix start at 3.89%, down from 5.69%, with five-year options beginning at 5.19%.

Within the specialist range, two-year fixes start at 4.24% and five-year deals at 5.49%, while non-standard applicants can access two-year products from 4.69% and five-year from 6.14%.

These changes follow earlier improvements to the bank’s lending criteria which includes no upper limit on total portfolio size.

There’s also the ability to mortgage up to six properties with UTB, and an increased maximum lending cap of £2.5 million.

The lender’s managing director for mortgages, Buster Tolfree, said: “These lower rates combined with our BTL criteria enhancements will give brokers greater choice for their landlord clients who need the flexibility of a specialist lender without compromising on price.”

YBS offers broker improvements

YBS Commercial Mortgages has unveiled new broker service improvements, promising a decision-in-principle within 24 hours when all necessary details are provided upfront.

This commitment follows the lender’s recent move to issue offer letters within 30 days of application, locking in rates and conditions subject to valuation.

For more complex transactions requiring extra preparation, individual timelines will be agreed with brokers during the decision-in-principal stage.

The updates aim to improve transparency, speed and trust throughout the mortgage process.

YBS’ managing director of commercial mortgages, Angela Norman, said: “These improvements ensure that brokers and customers receive the commitment, clarity and confidence they really need as they progress through their application journey with us.”

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