Dudley BS cuts residential, buy-to-let and expat rates by up to 1.10%

Dudley Building Society has announced significant rate reductions across its residential, buy-to-let and expat mortgage ranges, with cuts of up to 110 basis points.

Available for both purchase and remortgage cases, the changes include reductions across two-year and five-year fixed rate products, discounted rate products, residential interest-only options, and selected buy-to-let and expat products.

Highlights include a residential five-year fixed rate at 75% LTV, down from 6.20% to 5.10%.

A residential expat two-year fixed rate at 75% LTV has reduced from 6.30% to 5.38%, while an interest-only five-year fix is down by 90bps to 5.40%.

In the Society's buy-to-let range, a five-year fix at 80% LTV has reduced by 77bps to 5.63% and an expat five-year fix at 70% LTV is down by 62bps to 5.68%.

Dudley has also reduced rates across a number of residential remortgage products, including a five-year fixed rate product at 60% LTV now available at 4.90%, reduced from 6.00%.

Alongside the rate reductions, Dudley recently increased the maximum loan size available on selected residential products to £1.5 million, providing greater flexibility for borrowers with larger funding requirements.

Paul Purewal, head of intermediary relations at Dudley Building Society, commented: "These reductions represent a notable enhancement across a number of our key residential, buy-to-let and expat products, helping brokers access more competitive options for a wide range of clients.

"While pricing remains an important consideration, we know many borrowers have circumstances that need looking at on their own merits. That’s why competitive rates are only one part of the equation.

"Our approach combines lower rates with the flexibility of individual underwriting, giving brokers more opportunities to place cases that may struggle elsewhere. Whether it’s a straightforward application or one with additional complexities, we take a common-sense view to ensure brokers find a suitable home for their clients.”