Dudley Building Society has launched new residential, expat, buy-to-let (BTL) and holiday let products with rates starting from 5.45%. The products are designed to support a mix of cases, from first-time buyers and home movers to expats returning to the UK and landlords expanding or reshaping portfolios. As a result, its two-year residential fix starts from 5.45% at 75% LTV, while its expat residential two- and five-year products is available from 5.85% and 5.65% respectively at 65% LTV. Furthermore, its two-year BTL fix starts from 5.70%, while its two-year holiday let is available from 5.90%, both at 80% LTV.

Cumberland Building Society has reduced rates by 0.20% on its core holiday let range for holiday let landlords looking for a better deal. From today, its two and five-year holiday let fixes start from 4.78% respectively. The products come with a £999 fee and are open to both property purchasers or remortgage cases. The society said that it has cut rates to reflect current price competition in the holiday let sector.

Advise Wise has added a new cost of borrowing calculator to its suite of resources. The calculator has been created in response to adviser feedback and offers a fully customisable tool to demonstrate to customers the cost of borrowing of one or more products. Under the latest developments, advisers can compare up to four different borrowing scenarios side-by-side, helping to illustrate options clearly for clients. The calculator also offers a flexible term display to avoid misleading long-term projections, and a payment strategy simulation that allows advisers to model optional, mandatory, interest-serviced and interest-only payments.

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