Rates are lowered on selected fixed and discounted products in its residential, BTL, holiday let, and expat range
Dudley Building Society has reduced rates across its mortgage retention range by up to 0.70%.
The mutual has lowered rates on selected fixed and discounted products in its residential, buy-to-let, holiday let, and expat range. Reductions of up to 0.60% have been made to its two-year fixed residential retention mortgage products, and up to 0.70% for interest-only products.
Two-year discount and fixed rates now start at 5.49% for both capital and interest-only options up to 60% loan-to-value (LTV). For BTL, retention rates have been cut by up to 0.55%, now starting at 5.95% for a two-year fix and 5.89% for a two-year discount rate, both up to 60% LTV.
The mutual has also reduced rates across its holiday let retention range by up to 0.55%. Holiday let two-year fixes now start at 5.95%, and 5.89% for a two-year discount, both up to 60% LTV. Two-year fixed expat residential and BTL retention rates have seen reductions of 0.45% and now start at 6.15% up to 70% LTV.
All products come with no arrangement fee, and Dudley Building Society pays a procuration fee of 0.25% to intermediaries for all existing customers switching products.
“Product transfers are increasingly popular at the moment and can offer a quicker, easier, and cheaper option for brokers’ clients compared to remortgaging,” said Robert Oliver (pictured), distribution director at Dudley Building Society.
“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.”
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