Dudley BS cuts rates by up to 100bps across key lending ranges

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Dudley Building Society has reduced rates across its residential, buy-to-let, holiday let and expat mortgage ranges by up to 100bps, with the changes applying to selected products for both purchase and remortgage customers.

The revised range includes reductions across selected two-year and five-year fixed rate mortgages, alongside discounted products.

Among the largest reductions are the residential expat two-year fixed at 85% LTV and the residential expat five-year fixed at 75% LTV, both now available at 5.50%, down from 6.50%.

Elsewhere, the residential standard two-year discount at 90% LTV has been reduced from 6.15% to 5.40%, while the buy-to-let two-year fixed at 80% LTV falls from 6.30% to 5.50%. The holiday let two-year fixed at 80% LTV has also been cut from 6.30% to 5.55%.

Paul Purewal (pictured), head of intermediary relations at Dudley Building Society, said: “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.”

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