Dudley Building Society has announced a series of rate cuts across its residential, buy-to-let, holiday let and expat mortgage ranges, with reductions of up to 100 basis points (bps).
Available for both purchase and remortgage cases, the refreshed range includes reductions across selected two-year and five-year fixed rate products, as well as discounted products.
Highlights of the new range include:
A residential expat two-year fixed at 85% LTV, now available at 5.50%, reduced from 6.50%.
Residential expat five-year fixed at 75% LTV, now available at 5.50%, reduced from 6.50%.
Residential standard two-year discount at 90% LTV, now available at 5.40%, reduced from 6.15%.
Buy-to-let two-year fixed at 80% LTV, now available at 5.50%, reduced from 6.30%.
And holiday let two-year fixed at 80% LTV, now available at 5.55%, reduced from 6.30%.
Commenting on the cuts, Dudley Building Society head of intermediary relations Paul Purewal said: “We’ve seen plenty of movement on rates over recent months, and it’s fantastic to be able to make such significant reductions across our range. But a competitive rate only gets you so far if a lender isn’t prepared to look at the detail of a case.
“That’s why we’ve continued to balance competitive pricing with a manual underwriting approach that gives brokers the opportunity to discuss cases with an experienced decision-maker.”
