Dudley Building Society has cut mortgage rates by up to 1.30% across its residential, buy-to-let (BTL) and specialist lending product suites.

The updated range includes two-year and five-year fixed-rate products and two-year discount options tailored for owner-occupiers, landlords and specialist borrowers.

These include those applying under Dudley’s expat and recently launched skilled worker visa criteria.

The society’s refreshed rates now start at 4.80%. The reductions include the expat BTL two-year discount with a fee of £999 at 70% loan-to-value (LTV) which has been cut from 6.40% to 5.10% and the equivalent product at 80% LTV which has been lowered from 6.60% to 5.30%.

Expat BTL five-year fixed rates up to 70% LTV have been lowered by 0.44% to 5.15%.

The society has also made reductions of 0.60% on its residential two-year fixes up to 65% LTV with rates now starting at 4.80%.

BTL five-year fixes up to 70% LTV have also been lowered by 0.70% to 5.10% and skilled worker visa two-year fixes up to 80% LTV have been trimmed by 0.55% to 4.90%.

As part of the changes, Dudley has aligned a number of its five-year fixed products to new end dates of 30 April 2031, while also updating ERC structures across the range.

All five-year fixes feature a stepped ERC profile of 4%, 3%, 2%, 1%, 1%, while two-year fixes and discounts include ERCs of 3%, 2% and 2%, 1% respectively.

Dudley Building Society head of intermediary relations Paul Purewal says: “This refresh is about making life easier for brokers at the point of placement. We have focused on areas where pricing could be sharpened, while also bringing more consistency across end dates and product structures.”

Elsewhere, HSBC has announced it will increase its residential mortgage rates from tomorrow (4 February).

The change includes increases to the bank’s home mover two-year 60% to 95%% LTV, which are going up by up to 0.10%.

In addition, first-time buyer two-year rates at 60% to 95% LTV will rise by up to 0.10% and selected five-year rates will lift by up to 0.07%.

HSBC will also increase rates by up to 0.07% on its remortgage two- and five-year products between 60% and 75% LTV.

Meanwhile, Principality Intermediaries has hiked prices across multiple product ranges.

The lender’s residential five-year fixed products at 80% and 85% LTV will rise by up to 0.12% while three-year fixed products at 85% and 90% LTV will go up by 0.10%.

The two-year fixed residential product with cashback at 65% LTV has increased by 0.11% and the five-year equivalent has risen by 0.13%.

Joint borrower sole proprietor products have also changed, including the two- and five-year fixed products at 80% and 85% LTV, which have risen by 0.11% and up to 0.12% respectively.

The new build two-year fixed at 75% LTV Help to Buy Wales product has been lifted by 0.15% while BTL five-year fixes at 60%, 70% and 75% LTV have gone up by 0.14%.

And holiday let two- and five-year fixes at 60% LTV have increased by up to 0.12% and 0.20% respectively.

Finally, Foundation has made changes to a limited number of its BTL products.

These include the lender’s F1 five-year fixed with 4% fee and its F1 and F2 five-year green products.