Dudley Building Society has cut mortgage rates by as much as 1.30% across its residential, buy-to-let and specialist product ranges, with pricing now starting from 4.80%.
The latest round of reductions applies across two-year and five-year fixed-rate products, as well as two-year discount options.
The refreshed range is available to owner-occupiers, landlords and specialist borrowers, including expats and applicants assessed under the Society’s Skilled Worker Visa criteria.
Among the revised products, a residential two-year fixed rate up to 65% loan-to-value is now priced at 4.80%, following a cut of 0.60%. A five-year fixed buy-to-let product up to 70% loan-to-value has been reduced by 0.70% to 5.10%.
Within the specialist range, rates for Skilled Worker Visa applicants have also been lowered, with a two-year fixed deal up to 80% loan-to-value now available at 4.90%, down by 0.55%. An expat buy-to-let five-year fixed product up to 70% loan-to-value has been reduced by 0.44% to 5.15%.
As part of the update, the Dudley has aligned several of its five-year fixed-rate products to a common end date of 30 April 2031. Early repayment charge structures have also been revised across the range.
All five-year fixed-rate products now carry a stepped early repayment charge of 4%, 3%, 2%, 1% and 1% over the term. Two-year fixed and two-year discount products include early repayment charges of 3% and 2%, or 2% and 1% respectively.
The Society said the changes were intended to keep its mortgage proposition competitive, while providing greater consistency in product structures and end dates for intermediary partners.
Paul Purewal, head of intermediary relations at Dudley Building Society, said: “This refresh is about making life easier for brokers at the point of placement.
“We have focused on areas where pricing could be sharpened, while also bringing more consistency across end dates and product structures.
“What we hear time and again is that clarity matters just as much as rate. By keeping the range straightforward and aligned, brokers can spend less time explaining the detail and more time supporting their clients, whether they are placing a core case or something more specialist.”
