Dudley BS cuts mortgage rates by up to 0.35%

Published on

Dudley Building Society has reduced rates on a selection of its fixed and discounted rate expat and self-build mortgages.

Two-year fixed expat residential mortgage rates now start at 6.45% for loans up to 60% LTV and from 6.55% for loans up to 85% LTV.

Two-year fixed buy-to-let (BTL) expat mortgages now begin at 6.55% for up to 70% LTV and 6.65% up to 80% LTV.

expat holiday let two-year fixed rates have also been reduced to 6.55% up to 70% LTV and 6.65% up to 80% LTV.

The Society will consider applications from a wide range of countries and in over 160 currencies and can accept income from one foreign currency plus income derived in GBP.

The Dudley has also lowered rates across its self-build mortgage range.

The 2.40% self-build Discount for Term (Advance) rate has been reduced to 6.84% up to 80% LTV, while the 2.50% self-build Discount for Term (Arrears) rate has been lowered to 6.74% up to 80% LTV.

The 2.60% Eco self-build Discount for Term (Advance) rate has reduced to 6.64% for loans up to 80% LTV, while the 2.70% Eco self-build Discount for Term (Arrears) rate has been reduced to 6.54% for loans up to 80% LTV.

The Society will lend up to £1.5m across its expat residential range and up to £1m across its expat BTL and holiday let range, as well as its self-build products.

Robert Oliver (pictured), distribution director at Dudley Building Society, said: “We are delighted to offer brokers access to cheaper expat and self-build mortgages with these latest rate reductions.

“Brokers can be confident that they will receive a flexible and personalised approach to underwriting when submitting mortgage applications to us. We look forward to assisting even more expat and self-build borrowers with our latest rate reductions.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Brokers warn of landlord exodus amid property tax reforms and Renters’ Rights Act

Mortgage brokers have issued a stark warning that the government’s latest interventions in the...

Keystone lowers rates by up to 20 basis points

Keystone Property Finance has reduced rates by up to 20 basis points across almost...

L&G extends flexibility on increasing cover to existing policyholders

Legal & General has announced that customers with existing increasing cover protection policies will...

Aspen completes £1m development exit bridge in 10 days

Aspen Bridging has completed a £1.05m development exit bridge for a returning client in...

Aldermore announces new invoice finance appointment

Aldermore has appointed Scott Pendlebury as business development manager for the North within its...

Latest publication

Other news

Brokers warn of landlord exodus amid property tax reforms and Renters’ Rights Act

Mortgage brokers have issued a stark warning that the government’s latest interventions in the...

Keystone lowers rates by up to 20 basis points

Keystone Property Finance has reduced rates by up to 20 basis points across almost...

L&G extends flexibility on increasing cover to existing policyholders

Legal & General has announced that customers with existing increasing cover protection policies will...