News in brief - 23 April 2024

Dudley Building Society has reduced rates on a selection of fixed and discounted expat and self-build mortgage. Two-year fixed expat residential mortgage rates now start at 6.45% for loans up to 60% LTV and from 6.55% for loans up to 85% LTV. For two-year fixed buy-to-let and holiday let expat mortgages, rates start at 6.55% and 6.65% at 70% and 80% LTV. The society has also lowered rates across its self-build mortgage range. The 2.40% self-build discount for term rate has been reduced to 6.84% up to 80% LTV, while the 2.50% self-build discount for term rate has been reduced to 6.54% for loans up to 80%.

Chorley Building Society has added a number of new mortgage products to its range. The society has added a limited company buy-to-let product, which is available to existing and first-time landlords, including those that are first time buyers. On the limited company BTL product at 60% LTV, the initial rate starts at 5.85%, with the 70% LTV product starting from 6.14%. For first-time landlords, the 70% product starts from 6.74%. For the BTL holiday let product, the two-year discount starts from 6.74% at 80% LTV, with the second home product also starting from 6.29% at 85% LTV.

RAW Capital Partners has appointed Peter Grange as its new chief marketing officer, as its gears up for major growth in the coming years. The Guernsey-based investment management firm provides specialist mortgages to foreign nationals and UK expats, through its RAW mortgage fund, looking to invest in UK BTL property, as well as mortgages for Channel Islanders. Grange brings 25 years’ experience in financial services to the role, returning to Guernsey after two years in London, working as head of marketing as Shojin. Prior to that, he was the founder and chief executive officer at the creative agency, Oi, before selling the agency in 2021 after 17 years. The appointment comes as the firm looks to grow its mortgage fund from £200m to more than £1bn in the coming years.



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