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.
The changes reflect the increasingly competitive mortgage market, with lenders continuing to adjust pricing in response to recent movements in swap rates and growing competition for new business.
The updated range is designed to support a wide variety of borrower types, including residential customers, landlords, holiday let investors and UK nationals living overseas.
By reducing rates across several specialist lending sectors, the mutual aims to provide brokers with greater flexibility when sourcing solutions for clients with differing borrowing needs.
Highlights of the new range include:
- 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%.
- Holiday Let Two-Year Fixed at 80% LTV, now available at 5.55%, reduced from 6.30%.
“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. Whether it’s an expat borrower, a holiday let application or a more straightforward residential case, we want brokers to know they’ll receive the same level of support. Every case is assessed on its own merits, helping us find sensible lending solutions for a broader range of borrowers.”
Paul Purewal, Head of Intermediary Relations at Dudley Building Society
