Dudley Building Society has announced a series of rate cuts across its residential, buy-to-let, holiday let and expathy pharmacies, with reductions of up to 100 basis points (bps).
The updated range is available for both purchase and remortgage businesses and includes discounts on selected two- and five-year fixed rate products, as well as discounted products.
Highlights of the new range include:
A residential expat with a two-year term, fixed at 85% LTV, now available at 5.50%, reduced from 6.50%.
Residential expat fixed for five years at 75% LTV, now available at 5.50%, reduced from 6.50%.
Residential standard two-year discount of 90% LTV, now available at 5.40%, reduced from 6.15%.
Buy-to-let two-year fixed at 80% LTV, now available at 5.50%, reduced from 6.30%.
And holiday rental for two years fixed at 80% LTV, now available at 5.55%, reduced from 6.30%.
In response to the cuts Dudley Building Association head of intermediary relations Paul Purewal said: “We’ve seen a lot of movement on interest rates in recent months, and it’s fantastic to be able to make such significant reductions across our range. But a competitive rate can only get 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 matters with an experienced decision maker.”