Dudley BS cuts residential and buy-to-let rates by up to 100bps

Dudley Building Society has announced a series of rate cuts across its residential, buy-to-let, holiday let and expat mortgage ranges, with reductions of up to 100 basis points (bps).

Available for both purchase and remortgage cases, the refreshed range includes reductions across selected two-year and five-year fixed rate products, as well as discounted products.

In its residential expat range, a two-year fix at 85% LTV and a five-year fix at 75% LTV have both reduced from 6.50% to 5.50%.

A residential standard two-year discount at 90% LTV has been cut by 75bps to 5.40%.

A buy-to-let two-year fix at 80% LTV has reduced by 80bps to 5.50%, with a holiday let equivalent product down to 5.55%.

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