Dudley Building Society has announced rate reductions of up to 0.39% across its discounted mortgage products and the launch of new 5-year fixed mortgages. The changes are aimed at supporting brokers with competitive solutions for their clients.
The residential expat 2-year discount at 60% LTV has been reduced from 6.09% to 5.70%, a reduction of 0.39%. The buy-to-let expat 2-year discount at 70% LTV has been reduced from 6.19% to 5.85%, a reduction of 0.34%. The holiday let expat 2-year discount at 70% LTV has been reduced from 6.19% to 5.95%, a reduction of 0.24%.
Dudley Building Society has also introduced new 5-year fixed-rate products. The residential 5-year fixed at 75% LTV is now set at 5.28% until 30 June 2030. The residential 5-year fixed at 90% LTV is fixed at 5.34% until the same date. The holiday let 5-year fixed at 80% LTV is fixed at 5.38% until 30 June 2030. The buy-to-let 5-year fixed at 80% LTV is also fixed at 5.38% until 30 June 2030.
All new products are available for loan sizes ranging from £25,000 to £1m.
This follows rate reductions in January across the society’s mortgage retention products, where rates were cut by up to 0.40% and new discounted rate and interest-only options were introduced.
Robert Oliver, distribution director at Dudley Building Society, said: “At Dudley Building Society, we recognise the complexities of specialist lending and are on hand to provide competitive options that align with broker requirements.
“We continue to listen to brokers and respond to market demand with solutions that help them support their clients effectively. These new mortgage products, particularly the reductions in our expat and buy-to-let discount ranges, are designed to offer more value and flexibility for borrowers in niche markets.”
