Dudley Building Society has introduced three two-year discount mortgage products for residential borrowers.
The products include a rate reduction of up to 61 basis points (bps) on 75% and 90% loan to value (LTV) tiers and includes the reintroduction of a 60% LTV tier.
Replacing the existing discount-for-term options, the lenders two-year discount products are across the following LTV tiers:
• 60% LTV: 5.18% (3.56% two-year discount)
• 75% LTV: 5.38% (3.36% two-year discount)
• 90% LTV: 5.58% (3.16% two-year discount)
WHEN FLEXIBILITY IS REQUIRED
The two-year discount products are aimed at residential customers seeking short-term flexibility on their mortgages. The range is ideal for first-time buyers, homeowners looking to refinance, and clients aiming for manageable rates within a two-year timeframe.
“compelling options that balance competitive rates with short-term flexibility”
Robert Oliver, distribution director at Dudley Building Society, said: “The launch of this suite of competitive, two-year discount mortgage options, is designed to meet the needs of a broader range of borrowers by providing a range of compelling options that balance competitive rates with short-term flexibility.
“We believe these new products will help more people secure financing tailored to their specific goals — whether they’re first-time buyers, refinancing, or simply looking for a flexible mortgage solution.”
