Dudley Building Society has announced a series of interest rate cuts across its residential, buy-to-let, holiday letting and expatriate mortgage ranges, with cuts of up to 100 basis points.
The updated range is available for both purchase and remortgage situations, and includes discounts on selected two- and five-year fixed rate products, as well as discounted products.
Highlights of the new collection include:
Two-year expatriate accommodation fixed at 85% LTV, now available at 5.50%, reduced from 6.50%.
Expats staying for five years are fixed at 75% of LTV, now available at 5.50%, up from 6.50%.
Standard 2-year discount of 90% LTV, now available at 5.40%, up from 6.15%.
Buy-to-let for two years fixed at 80% LTV, now available at 5.50%, reduced from 6.30%.
Two-year holiday lets are fixed at 80% LTV, now available at 5.55%, reduced from 6.30%.
Commenting on the discounts, Dudley Building Society “We’ve seen a lot of movement in interest rates over recent months, and it’s great to be able to make such significant cuts across our range,” said Paul Purewal, head of brokerage relations. “But a competitive rate only gets you so far if the lender isn’t prepared to look at the details of the 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.”
