Dudley Building Society has cut rates across its retention products by up to 70 basis points — while also lowering selected deals in its residential, landlord, holiday let and expat ranges.
The mutual has made reductions of up to 60bps on its two-year residential fixes, and up to 70bps for interest-only offers.
Two-year discount and fixed-rate deals now start at 5.49% for both capital and interest-only options at up to 60% loan-to-value.
Buy-to-let retention rates have been cut by up to 55bps and now start at 5.95% for two-year fixes and 5.89% for a two-year discount rate, both at up to 60% LTV.
The lender has also reduced rates across its holiday let retention range by up to 55bps. Holiday let two-year fixes now start at 5.95% and 5.89% for two-year discounts, both at up to 60% LTV.
Two-year fixed expat residential and BTL retention rates have seen reductions of 45bps and now start at 6.15% up to 70% LTV.
All products come with no arrangement fee, with the lender paying a procuration fee of 25bps to intermediaries for all existing customers switching products.
Dudley Building Society distribution director Robert Oliver says: “Product transfers are increasingly popular at the moment and can offer a quicker, easier, and cheaper option for brokers’ clients compared to remortgaging.
“These latest reductions mark our third set of rate cuts this year and follow substantial reductions across our new borrower mortgage range just last month.
“These latest reductions mark our third set of rate cuts this year and follow substantial reductions across our new borrower mortgage range just last month.
“These cuts, alongside our flexible and manual underwriting approach, position us well to serve both new and existing specialist mortgage customers.”
